The program of the economic integration of Russia and Belarus for a year and a half was initialed by the parties at the beginning of September. It provides for partial integration of the two economic systems from January 2021. The Kommersant agency reported this.
“It is at least a single Tax Code, foreign trade regime and the Civil Code, a unified account of property and similar social guarantees, almost unified banking supervision, but with two central banks, a single regulator of the markets for oil, gas and electricity and energy and harmonized government control of the industries. Such level of integration is higher than in the EU, in fact, at the level of economies, it is about creation of a confederate state from 2022,” the message says.
It is reported that the spheres that are not touched by the “Action Program” are: defense, state security, courts, law enforcement and issues of Interior Ministry, education, healthcare, science, and the state government.
“The Action Program of Belarus and Russia on Implementation of the Provisions of the Treaty on Establishment of the Union State” was initialed on September 6 by the Prime Minister of the Russian Federation Dmitry Medvedev and Prime Minister of Belarus Syarhey Rumas.
The project was created on the basis of the Treaty on Union State, signed by Minsk and Moscow in 1999.
As it was reported earlier, Russian and Belarus authorities resolved their principle differences and came to the agreements related to integration into the Union State.