Russia, Belarus, Kazakhstan may introduce common currency - PutinDecember 15, 2011 - 15:52 AMT PanARMENIAN.Net - In the future Russia, Belarus and Kazakhstan may introduce a common currency within the framework of Eurasian Economic Union, a new entity meant to promote cooperation both with Europe and the Asia-Pacific region, Russian Prime Minister said. "I think we’ll reach a level [of integration] as a result of the negotiating process to further find a compromise as to common currency and macroeconomic policies," Vladimir Putin said during his televised Q&A session on Thursday, Dec 15. In November, the Russian, Belarusian and Kazakh presidents signed a declaration on Eurasian economic integration, a roadmap of integration processes aimed at creating the Eurasian Economic Union, which will be based on the Customs Union and common economic space among the three countries. "This is real integration with a further transfer of some functions to a supranational body. This is not a revival of the Soviet Union, this is a process to fully retain the political independence of these states with the goal of increasing our competitiveness in the global economy, giving a new impetus to development and ensuring higher living standards for our citizens," RIA Novosti quoted Putin as saying. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |