Belarus, Uzbekistan, Kyrgyzstan, and Russia Sign Agreement to Integrate EAEU Stock Exchanges
On June 7, 2024, countries including Belarus, Uzbekistan, Kyrgyzstan, and Russia signed an agreement between the EAEU stock exchanges. The agreement was reported by the Telegram channel of the Russian government during the St. Petersburg International Economic Forum.
Deputy Minister of Economic Development of Russia, Dmitry Volvach, highlighted the importance of such agreements as they allow counterparties to find each other, transmit prices, and quickly redistribute resources. The concept of the EAEU exchange trade development will be signed by the leaders of the member states in the fall of 2024.
Furthermore, representatives of the stock exchanges of Belarus, Uzbekistan, Kyrgyzstan, and Russia agreed to create an international system of commodity market indicators. This initiative aims to promote barrier-free trade, reduce logistics time and stages, and improve the efficiency of resource distribution.
The St. Petersburg International Economic Forum is ongoing from June 5 to June 8, showcasing discussions and agreements between various countries and economic organizations. Stay tuned for more updates on the economic progress and collaborations within the EAEU region.
