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Economy and financial policy

Member of the Board – Minister in charge of Economy and Financial Policy Bakytzhan Sagintayev
Reception Office of the Chairman Tel. 8 (495) 669-24-07

News on «Economy and financial policy»

15 Sep 2022 Meeting of Advisory Committee for Financial Markets discussed issues of ensuring free movement of capital A set of agreements and proposals on forming legal framework of the Eurasian Economic Union and ensuring free movement of capital was discussed by members of the Advisory Committee for Financial Markets. The meeting chaired by Bakytzhan Sagintaev, EEC Minister in charge of Economy and Financial Policy, was held on September 15 at the Eurasian Economic Commission’s headquarters in Moscow.  The meeting attendees considered the progress of work on the draft Standardized License Agreement within the EAEU. "The Agreement’s core objective is to ensure mutual recognition of a standardized license for activities in the banking and insurance service sectors, enabling to establish or acquire legal entities in the host State's territory according to the simplified procedure," Bakytzhan Sagintaev stressed. The Advisory Committee’s members discussed the draft Agreement on admitting brokers and dealers of one EAEU Member State to participate in on-exchange trading (trading of market operators) of other Union countries, as well as results of extended expert consultations involving representatives of authorized bodies, Ministries of Justice, Ministries of Foreign Affairs and financial control bodies.   "The Agreement grants the right to national exchanges to recognize licenses of brokers and dealers issued by the Union States’ authorized bodies and to provide them with the possibility to directly participate in stock trading on equal terms," Bakytzhan Sagintaev noted. The meeting considered the progress of work on the Action Plan for harmonizing the EAEU countries’ legislation in the financial market, as well as some issues of developing national payment systems, and regulation in combating money laundering and financing of terrorism.
EAEU countries’ citizens can work in Russia as self-employed 14 Sep 2022 EAEU countries’ citizens can work in Russia as self-employed In accordance with the Federal Law of the Russian Federation "On the experiment to establish a special tax regime "Professional Income Tax", citizens of the Eurasian Economic Union countries who render services or perform work (babysitters, tutors, taxi drivers, cooks, seamstresses, hairdressers, electricians, plumbing specialists, etc.) through their own effort can voluntarily register in Russia as self-employed. The self-employed status is the receipt of legal income without the risks of being held liable for illegal business activities. Registration as self-employed constitutes grounds for extending the period of legal stay in the Russian Federation. A taxpayer identification number (INN) and a user account in the Taxpayer's Personal Account is enough to become self-employed. It is required to download and register in the "My Tax" mobile application using a login password from the personal account. There is also a web version of the self-employed account. If there is no INN, it can be obtained in any tax inspectorate rendering services to citizens within five business days. An application and a passport are required to do this. A login password from the personal account can be obtained there after getting INN. It will only take 15 minutes. One can also register as self-employed by contacting authorized banks. The list of authorized banks has been published on the website of the Federal Tax Service of Russia https://npd.nalog.ru/credit-orgs/. The self-employed pay taxes in the amount of: - 4% when rendering services/performing works to natural persons; - 6% when rendering services/performing works to juridical persons or individual entrepreneurs. Detailed information on the issue can be obtained on the website of the Federal Tax Service of Russia at: https://www.nalog.gov.ru/rn77/news/activities_fts/8261361/
Illegal use of trademarks accounts for 91.5% of intellectual property violations in EAEU 12 Sep 2022 Illegal use of trademarks accounts for 91.5% of intellectual property violations in EAEU This was reported by Bakytzhan Sagintaev, Minister in charge of Economy and Financial Policy, during the meeting of the Advisory Committee for Intellectual Property. These data have been presented in the EEC annual report on the state of law enforcement practice in protecting the EAEU intellectual property rights for 2021. "The volume of counterfeit goods detected in the EAEU in 2021 increased by 33% and amounted to about 18.2 mln units. However, the emerging trend of 2020 to reduce the volume of counterfeit goods across the EAEU as a whole has changed to an increase in 2021 due to gradual lifting of restrictions caused by the pandemic," Bakytzhan Sagintaev noted. Besides, the meeting attendees of the Advisory Committee discussed the possibility of applying the compulsory licensing mechanism.
07 Sep 2022 EAEU economy and financial policy matters were the key topics of Bakytzhan Sagintaev's visit to Armenia On September 5–6, Bakytzhan Sagintaev, EEC Minister in charge of Economy and Financial Policy, visited the Republic of Armenia to hold meetings with Mher Grigoryan, Vice Prime Minister; Vahan Kerobyan, Minister of Economy; Tigran Khachatryan, Minister of Finance; and Hovhannes Khachatryan, Deputy Chairman of the Central Bank. Moreover, there were meetings with the business community and representatives of the banking sector. The meeting with Mher Grigoryan, Vice Prime Minister of Armenia and Member of the EEC Council, was dedicated to discussing relevant integration matters including distribution of import customs duties, mechanisms for administrating indirect taxation in e-commerce, as well as recommendations on fostering the use of national currencies in mutual trade.
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Decisions on «Economy and financial policy»

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09/23/2022 12:00:00 am Решение Совета ЕЭК № 151 О внесении изменения в Решение Совета Евразийской экономической комиссии от 20 декабря 2017 г. № 107
135
09/28/2022 12:00:00 am Решение Коллегии ЕЭК №135 Об установлении ставок ввозных таможенных пошлин Единого таможенного тарифа Евразийского экономического союза в отношении отдельных видов товаров, ввозимых на таможенную территорию Евразийского экономического союза в целях обеспечения устойчивости экономик государств – членов Евразийского экономического союза
134
09/28/2022 12:00:00 am Решение Коллегии ЕЭК №134 О классификации удобрений в соответствии с единой Товарной номенклатурой внешнеэкономической деятельности Евразийского экономического союза
133
09/28/2022 12:00:00 am Решение Коллегии ЕЭК №133 О порядке введения в действие изменений в технический регламент Таможенного союза «О безопасности парфюмерно-косметической продукции» (ТР ТС 009/2011)
132
09/28/2022 12:00:00 am Решение Коллегии ЕЭК №132 О классификации сети для защиты от града в соответствии с единой Товарной номенклатурой внешнеэкономической деятельности Евразийского экономического союза

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14 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 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 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 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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