Belarus, Uzbekistan, Kyrgyzstan, RF sign agreement between EAEU stock exchanges

Belarus, Uzbekistan, Kyrgyzstan and Russia signed an agreement between the EAEU stock exchanges. The Telegram channel of the Russian government reported.

The document was adopted on the sidelines of the St. Petersburg International Economic Forum.

According to Deputy Minister of Economic Development of Russia Dmitry Volvach, the signing of the agreement is important, primarily because such mechanisms 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.

Dmitry Volvach also said that representatives of the stock exchanges of Belarus, Uzbekistan, Kyrgyzstan and Russia agreed to create an international system of commodity market indicators.

Exchange trade and independent price indicators are barrier-free trade, reducing the time and stages of logistics, he explained, emphasizing that such mechanisms allow counterparties to find each other, transmit prices and quickly redistribute resources.

The St. Petersburg International Economic Forum takes place from June 5 to June 8.