Russia ratifies agreement aimed at promoting financial cooperation within Customs Union
MOSCOW. July 15 (Interfax) - Russian President Dmitry Medvedev has signed into law a federal bill ratifying the agreement on the formation of conditions on financial markets for guaranteeing the free flow of capital, the Kremlin press service reported on Friday.
The agreement was signed in Moscow on December 9, 2010, and is meant to guarantee the free flow of capital, the development of mutually-beneficial cooperation in the financial sector and harmonization of the legislation of Belarus, Kazakhstan and Russia in banking, on the currency market, the securities market and in insurance.
The Customs Union comprises Belarus, Kazakhstan and Russia.
The bill was passed by the State Duma on July 1, 2011 and adopted by the Federation Council on July 6.