The EEC Council approved the foreign exchange liberalization
On August 9, 2016 the EEC Council approved a draft Agreement on harmonized approaches to the regulation of the legal exchange relations and adoption of liberalization measures in the EAEU Member States.
The agreement is aimed at ensuring the freedom of movement of capital and funds, creating a common financial market in the Member States.
The document sets out a list of exchange operations for EAEU residents, where the Union Member States will not apply exchange restrictions. In particular, this applies to payments between residents of the EAEU for the supply of goods and services and the purchase of real estate; stock exchange operations with securities; granting and repayment of bank credits and loans; money transfers by natural persons within the customs territory of the Union, etc.
The draft Agreement will be sent to the EAEU Member States for domestic procedures.
Press-release at the official Eurasian Economic Commission web-site