Legal news
and practices in Russia24.06.2019
The agreement on regulation of currency relations in the Eurasian Economic Union was approved
The Council of the of the Eurasian Economic Commission approved the Agreement on coordinated approaches to the regulation of currency relations and the adoption of liberalization measures in the EAEU.
The document will ensure the freedom of movement of capital in the EAEU. It defines the list of operations of residents in the EAEU countries regarding which the Union will not apply foreign exchange restrictions. In particular, the document will allow individuals and legal entities to open accounts on non-discriminatory terms in all banking institutions of the Union states, to buy and sell foreign currency and checks, to make payments for the supply of goods and services and the purchase of real estate, to make money transfers within the Union.
The draft agreement will be sent to the EAEU countries for internal procedures. Previously, the project had already been sent to the States of the Union, but due to changes in national legislation, its adjustment was required.
The press office of the of the Eurasian Economic Commission, 21.06.2019 | 
