ASTANA, May 29 (RIA Novosti) – The new Eurasian Economic Union (EAU), formed by Belarus, Kazakhstan and Russia, may lead to the creation of a common financial and currency union, Russian First Deputy Prime Minister Igor Shuvalov said Thursday.
"We need to finalize the launch of the economic union. We kick off on January 1, 2015, and we will need a few years to fill these freedoms with real freedom. At some point, we will need to seriously consider the question of financial union, maybe even a currency one. But that is for the future, so far, the issue is not on the agenda," Shuvalov told journalists.
The new EU-style bloc aims at promoting integration and free trade among its three member states, with more countries to follow.
The union is expected to see a high level of integration between its member-states and guarantees the free exchange of goods, services, funds and the countries’ labor forces, as well as common policies in key economic sectors, including energy, manufacturing, agriculture and transport. The new common market will have a population of 170 million people.
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