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Economy and financial policy

  • Member of the Board – Minister in charge of Economy and Financial Policy
Member of the Board – Minister in charge of Economy and Financial Policy Bakhyt Sultanov
Reception office Tel. 8 (495) 669-24-07

News on «Economy and financial policy»

15 Jul 2025 EEC monitored Union countries' legislative initiatives on labor migration The Eurasian Economic Commission's Board approbated the results of monitoring national legislative acts of the Eurasian Economic Union States in the field of labor migration for 2023-2024. According to the study, the number of labor migrants within the EAEU in 2024 increased by 2.98% compared to 2023. It also highlights that the Union countries continue to improve migration regulation, paying special attention to the rights of EAEU citizens and measures to counter illegal migration. "It is important that the Member States' legislative initiatives were in line with the provisions of the Treaty on the EAEU, clearly separating the rights of citizens of the Union and third countries. The above monitoring confirms that the countries are actively engaged in creating favorable environment for labor migrants within the Union, including digitalization of public services," mentioned Bakhyt Sultanov, the EEC Minister in charge of Economy and Financial Policy. The monitoring has shown that the Member States are implementing measures to attract highly qualified specialists and facilitate the stay of EAEU citizens in the host country. Among the main changes: liberalizing the rules of stay for labor migrants from the Union States, and strengthening supervision over illegal migration and security. The most significant changes took place in the legislation of the Russian Federation, where in 2024 the supervision over the stay of foreign citizens was strengthened, liability for violations of migration rules was increased, and the procedure for admission of migrants' children to general education institutions was adjusted. Following the monitoring, the parties noted the need to conduct a permanent analysis of the EAEU States' national legislation on labor migration with annual reports to the Union countries' competent authorities.
11 Jul 2025 EAEU countries discuss prospects for using and regulating unmanned aircraft systems in civil aviation The current state and prospects of unmanned aircraft systems (UAS) operation for civil purposes, and safety in the operation of unmanned aerial vehicles (UAV) were discussed by the participants of the round table “Unmanned Aircraft Systems in Civil Aviation: Prospects, Challenges and Regulation”. The event chaired by Arzybek Kozhoshev, the EEC Minister in charge of Energy and Infrastructure, was held on July 10-11 at the Eurasian Economic Commission's headquarters. “Amid global digitalization and demand for efficient logistics solutions, unmanned technologies offer new opportunities to improve safety, reduce costs and expand transport functionality,” Arzybek Kozhoshev noted. The event also included an exchange of experience and international practice on regulating UAS activities in present-day realities. The representatives of international civil aviation organizations: the International Civil Aviation Organization (ICAO), the Interstate Aviation Committee (IAC) and the International Air Transport Association (IATA) presented current topics and issues of international regulation. Following the event, a Resolution was prepared with conclusions and recommendations on harmonizing standard regulations on flight safety, the role of digital technologies, including artificial intelligence, etc.
10 Jul 2025 Bakhyt Sultanov held negotiations on artificial intelligence and copyright Bakhyt Sultanov, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, participated in a series of meetings of the Assemblies of the Member States of the World Intellectual Property Organization (WIPO) at the WIPO headquarters in Geneva. They considered some issues related to developing artificial intelligence and improving legal regulation in the field of copyright protection, trademarks, geographical indications and other intellectual property objects. On the margins of the Assemblies, the EEC Minister held a meeting with Habib Assan, Director of the Department for Transition and Developed Countries at WIPO. The sides discussed the results of interaction between the Commission and WIPO within the previously reached arrangements. In particular, they confirmed the possibility of participation of WIPO representatives in the forthcoming International Anti-Counterfeiting Forum in October 2025, as well as possible participation of the Commission's representatives in the activities of WIPO Standing Committees and Working Groups. “In its work on establishing an efficient intellectual property system in the EAEU countries, the Commission relies on the extensive experience of WIPO as an international organization that facilitates the enforcement of intellectual property rights around the world,” Bakhyt Sultanov noted. Besides, the EEC Minister held a meeting with Alexei Kurman, Director General of the National Center for Intellectual Property of the Republic of Belarus, and Sholpan Abdreeva, Chairman of the Committee on Intellectual Property Rights of the Ministry of Justice of the Republic of Kazakhstan. The sides discussed building systematic interaction in the field of intellectual property, as well as promoting integration potential in accordance with the tasks facing the EAEU countries, including as part of implementing “The Eurasian Economic Path” Declaration. WIPO is a specialized agency of the UN system, having 194 Member States. WIPO's activities are dedicated to developing a balanced and efficient international intellectual property system. The Assemblies hold meetings on an annual basis to review the current global situation in the field of intellectual property. A Memorandum of Understanding between the EEC and WIPO was concluded in 2019.
Bakhyt Sultanov held negotiations with Chair of the Central Bank of Russia Elvira Nabiullina 02 Jul 2025 Bakhyt Sultanov held negotiations with Chair of the Central Bank of Russia Elvira Nabiullina Bakhyt Sultanov, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission held a working meeting with Elvira Nabiullina, Chair of the Central Bank of the Russian Federation, on the sidelines of the Financial Congress of the Bank of Russia on July 2 in Saint Petersburg. The two sides discussed approaches to harmonization and further establishment of the common financial market of the Eurasian Economic Union, considered problematic issues of the draft Action Plan for implementing the Eurasian Economic Path Declaration on Further Development of Economic Processes within the EAEU until 2030 and for the period until 2045. Also as part of the visit, Bakhyt Sultanov had a working meeting with Olga Polyakova, Deputy Chair of the Central Bank of the Russian Federation, on the establishment and harmonization of a common financial market. "The establishment of a common financial market is one of the strategic objectives of the EAEU. Harmonization of approaches in this area will allow us to create a common, transparent and reliable financial space, which will undoubtedly serve as a powerful incentive for investment and will ensure stability for the economic development of all Member States of the Union," the EEC Minister stressed. The Congress has traditionally been a leading platform for business dialogues between representatives of the Bank of Russia's management, leading Russian financial organizations, public authorities and the expert community. Participants discuss issues of financial market regulation, development of its digital infrastructures, the condition and prospects of the exchange space and payment systems. "Such platforms as the Financial Congress of the Bank of Russia are important for the development of a constructive dialogue and discussion of key trends and challenges of the modern financial environment, allowing participants to develop effective measures aimed at stability and sustainable development of the financial sector of all EAEU countries", noted Bakhyt Sultanov.  
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Decisions on «Economy and financial policy»

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02/11/2025 12:00:00 am Решение Коллегии ЕЭК № 14 О технологических документах, регламентирующих информационное взаимодействие при реализации средствами интегрированной информационной системы Евразийского экономического союза общего процесса «Регистрация, правовая охрана и использование товарных знаков и знаков обслуживания Евразийского экономического союза»
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10/03/2024 12:00:00 am Распоряжение Коллегии ЕЭК № 159 О проекте Соглашения о сервисе, позволяющем осуществлять поиск информации об объектах промышленной собственности, охраняемых в государствах – членах Евразийского экономического союза
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07/30/2024 12:00:00 am Решение Коллегии ЕЭК № 87 О технологических документах, регламентирующих информационное взаимодействие при реализации средствами интегрированной информационной системы Евразийского экономического союза общего процесса «Регистрация, правовая охрана и использование наименований мест происхождения товаров Евразийского экономического союза»
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06/18/2024 12:00:00 am Распоряжение Коллегии ЕЭК № 89 О проекте Соглашения о согласованных подходах к борьбе с нарушениями прав на объекты интеллектуальной собственности в информационно-телекоммуникационной сети «Интернет»
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06/20/2023 12:00:00 am Решение Коллегии ЕЭК № 81 Об утверждении Правил реализации общего процесса «Регистрация, правовая охрана и использование наименований мест происхождения товаров Евразийского экономического союза»

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14 Dec 2016 The interview of the Minister on the technical regulation of the EEC Valery Koreshkov with BELTA news agency on establishment of the common market of medicines in the Eurasian Economic Union Medicines is the first group of specific goods, with which the EAEU countries started to work closely by the beginning of the functioning of the common market. Using this experience, the EAEU will form other common markets - for finances, energy, oil and gas, and so on. The BELTA journalist discussed with the EEC Board Member - Minister in charge of technical regulation Valery Koreshkov, what stages are yet to be covered and how the common market of medicines will work.​
14 Dec 2016 the Minister in charge of Economy and Financial Policy, Doctor of Law Askar Kishkembaev with the newspaper “Kazakhstanskaya Pravda”: “Integration initiatives of the independent Kazakhstan in the post-Soviet space. View from Moscow” In just a few days Kazakhstan will celebrate the main national holiday of the Republic, the Kazakhstan’s Independence Day. On this day in 1991, the Supreme Council of the country adopted a law on the Republic’s independence and state sovereignty of Kazakhstan.
Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of 09 Nov 2016 Minister in charge of energy and infrastructure of the Eurasian Economic Commission Adamkul Zhunusov answered questions of "RUSARMINFO" and shared his view on the level of integration of Armenia in the common energy market of the Eurasian Union ​​How do you estimate the level of integration of Armenia in the common energy market of he EAEU? And what are the objective possibilities of development? ​
Interview of the Minister in charge of Economy and Financial Policy Timur Suleimenov to BelTA Information Agency: “Belarus plays a key role in all integration processes in the EAEU” 24 Oct 2016 Interview of the Minister in charge of Economy and Financial Policy Timur Suleimenov to BelTA Information Agency: “Belarus plays a key role in all integration processes in the EAEU” For two years, Belarus, Russia, Kazakhstan, Armenia and Kyrgyzstan have been living in conditions of the Eurasian Economic Union, facing certain challenges and trying to resist them together. At the end of October, another large meeting within the Union will be held in Minsk - a meeting of the Eurasian Intergovernmental Council. On the eve of this important event, BELTA reporter met with the EEC Board Member - Minister in charge of Economics and Financial Policy Timur Suleimenov to find out what the year of 2016 was like, how the EAEU will address issues of parallel imports and establish the rates of customs duties and what measures have been taken to establish the common financial market.​
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