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.
