EEU needs to create its own payment system- advisor of Russian President

Date: 11:04, 23-05-2014.

Astana. May 23. KazTAG - The Eurasian Economic Union needs to create its own general payment system, said Sergey Glazyev, advisor of Russian President, Minister on Foreign Economic Ties.

"Russia is working on creation of a national payment system. I think it would be more effective to create this payment system for the whole Eurasian Economic Union," he said at VII Astana Economic Forum.

In his words, interstate bank of CIS was created to carry out the function of payment union provision.

"Now this function is demanded because if we don't create our own payment system we will always face political risks and additional costs connected with transactions with international institutions," he said.

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