Discussed market consolidation with the head of the Russian Central Bank by Mezенцев
The Union State of Belarus and Russia is moving forward with efforts to integrate their financial markets, as discussed at high-level Eurasian Economic Union meetings. The aim of these programs is to further integrate financial markets and ensure the rights of citizens using financial institutions in both countries.
On November 16, in Moscow, Dmitry Mezentsev, State Secretary of the Union State, and Elvira Nabiullina, the head of the Central Bank of Russia, held a discussion on this matter. The conversation focused on the progress of the Union State's financial markets integration and the practice of interaction between the National Bank of the Republic of Belarus and the Central Bank of Russia within the framework of union programs.
The participants emphasized a new quality of cooperation, success, and a focus on joint results. The rights of citizens using financial institutions in both countries were a concern in the discussion, reflecting the importance placed on protecting citizens' rights in the integration process.
The Eurasian Economic Union, of which both countries are key members, continues to focus on integration efforts that include harmonizing financial infrastructure and regulatory cooperation to facilitate deeper economic and financial ties. Belarus’s current presidency of the EAEU and participation in the Eurasian Intergovernmental Council underline its active role in advancing such integration measures.
However, specific concrete steps and detailed cooperation initiatives between the National Bank of the Republic of Belarus and the Central Bank of the Russian Federation are not explicitly detailed in the available recent search results. The available sources highlight broader regional financial integration ambitions and institutional cooperation frameworks but do not provide detailed, up-to-date information about the direct operational or regulatory integration between these two central banks.
In summary, the Union State is progressing towards financial market integration through regional cooperation in the Eurasian Economic Union, endorsed by Belarus's leadership. However, specific bilateral financial market integration details between the two central banks remain unspecified publicly as of mid-2025. The discussion between Dmitry Mezentsev and Elvira Nabiullina, reported by BELTA, underscores the commitment of both parties to further integrate the financial markets of the Union State.
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