ArmInfo.Russian President Vladimir Putin said that the countries of the Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia) have approved the concept of a single financial market, RIA Novosti reported.
In addition, the EAEU member states are preparing a concept for the development of a unified energy market, he added at a meeting on integration processes in the association. "The member states of the Union have approved the concept of forming a common financial market for the EurAsEC, preparations are underway to create a common electricity market. We have launched a program to form common markets for gas, oil and oil products. This is a difficult issue," Vladimir Putin said.
As an example of the successful finding of a compromise between the member states of the Union, he cited the creation of a single market for the production and circulation of drugs and medical devices.
"Since January 1 of this year, registration of all medicines in the EurAsEC countries has been carried out according to uniform rules and procedures. This is extremely important now, we all understand this perfectly well when our countries are faced with a common challenge, the coronavirus epidemic. And we need to effectively coordinate efforts to protect lives and health of our citizens, "Putin said.
He also noted that the single service market is also consistently developing - it already includes 53 sectors, and this year it will cover five more areas.
