EAEU member governments sign agreement on securities market
The activities for its creation are planned to be completed in 2030.
The heads of governments of the Eurasian Union have signed an agreement on cross-border issuance and circulation of securities.
The document was signed by Deputy Prime Minister Mher Grigoryan from Armenia. The signing ceremony took place in Almaty during the session of the Eurasian Intergovernmental Council.
According to the agreement, the stock exchanges of the EAEU countries must place their securities and those of the other four countries of the union on equal terms. This rule will also apply to parallel placement (when, for example, an Armenian company places its shares or bonds simultaneously on the Yerevan and Moscow stock exchanges).
Financial regulators of the Union countries should provide technical assistance to stock exchanges if necessary.
The agreement will enter into force after ratification by the parliaments of all five EAEU countries.
This agreement is part of the concept of a common stock market in the EAEU. The concept was discussed at the session of the Eurasian Intergovernmental Council held in Yerevan in September last year.
