30 Apr 2014 14:43

Common oil, gas markets in Russia, Belarus, Kazakhstan to start operating no later than 2025

MINSK. April 30 (Interfax) - The presidents of Russia, Belarus and Kazakhstan have agreed the construction of an agreement on the establishment of the Eurasian Economic Community, according to which there will be a common oil, petroleum products and gas market no later than 2025.

Before then, the sectors will be regulated through bilateral agreements, Viktor Khristenko, the Eurasian Economic Commission Chairman, told the press.

"The basic construction, envisaged in the agreement looks as follows: a common market for oil, petroleum products and gas will start to function no later than 2025 (