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MOSCOW: Russia: Eurasian Economic Community sets up own bank

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  • MOSCOW: Russia: Eurasian Economic Community sets up own bank

    Russia: Eurasian Economic Community sets up own bank

    Channel One TV, Moscow
    22 Jun 05

    [Presenter] The Interstate Council of the Eurasian Economic Community,
    or EAEC for short, met in Moscow today. The meeting was attended by
    the leaders of the five members countries of the organization, Russia,
    Belarus, Kazakhstan, Kirgizia [Kyrgyzstan] and Tajikistan. Armenian
    President Robert Kocharyan attended as an observer. The EAEC expects
    to have new partners.

    [Vladimir Putin] The Eurasian Economic Community is developing quite
    dynamically. Not only is it achieving its own integration tasks but it
    is gradually gaining authority as an international regional
    organization, becoming ever more interesting and attractive to our
    partners in the post-Soviet space, and I am sure that it will also
    gain similar authority in contacts with our other partners.

    [Presenter] Several documents were signed at the summit today,
    including a blueprint for currency cooperation. An interstate EAEC
    bank will be set up. The first payments of 1.5bn dollars into the
    bank's accounts will be made by Russia and Kazakhstan.
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