Integrated stock exchange market of SES countries launched

The integrated stock exchange market of the Single Economic Space (SES) member states is up and running. The solemn launch ceremony took place at Moscow Exchange. “This event cannot be overestimated. This is a landmark event. Law-making and sometimes declarative work in the area of financial integration has translated into practice,” Minister of Economic and Financial Policies of the Eurasian Economic Commission Timur Suleimenov said at the official ceremony. Timur Suleymenov stressed that the start of trading on the integrated stock exchange market of the SES countries is only the first step towards the common financial market, the action plan of which has been approved by the Presidents of Belarus, Russia and Kazakhstan.
Work on creation of the integrated foreign exchange market was launched by the central banks of the Eurasian Economic Community back in 2006. The participating countries took much time to make changes to the national legislation.
With the opening of the integrated foreign exchange market, all banks-residents of the Customs Union countries have equal access to the Russian financial market.