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Putin talks about content of approved Union State programs

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MOSCOW, 10 September (BelTA) – Belarus and Russia have determined common reference points for working out a single monetary management policy in the future as well as currency regulations, the integration of the national payment systems, and the creation of the common payment space in the Union State of Belarus and Russia. President of Russia Vladimir Putin made the statement after negotiations with Belarus President Aleksandr Lukashenko in Moscow on 9 September, BelTA has learned.

Vladimir Putin revealed some details of the 28 Union State programs, which the heads of state approved on 9 September. Including plans to work out a single monetary management policy, currency regulations, the integration of the national payment systems, and the creation of the common payment space in the future. “It will help secure bona fide competition and invigorate business activity on the financial market in addition to effectively responding to risks of money laundering and the financing of criminal activities, including terrorism,” the Russian president said.

A number of Union State programs are designed to harmonize Belarusian and Russian tax and customs laws. In particular, they provide for signing an agreement on common principles of collection of indirect taxes and for introducing an integrated system for the administration of indirect taxes within the framework of the Union State of Belarus and Russia. “To see the structure of the price for a product is the goal,” Vladimir Putin explained.

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