Oil trade between CU states to be limited until 2025

Date: 07:42, 30-04-2014.

Almaty. April 30. KazTAG – Oil trade between the Customs Union's states will be limited until 2025, reports the Belarus Telegraph Agency.

"Common markets of oil, oil products and gas will start functioning not later than 2025," the agency cites Viktror Khristenko, chair of board of Eurasian Economic Commission.

In his words, the common market of electric power will start functioning not earlier this term. In 2016 the Presidents of Kazakhstan, Russia and Belarus will ratify the concept of formation of each of these markets in 2016. In 2018 the program of the markets formation will be ratified. According to Khristenko special international agreements need signing to launch the common markets which are indicated in the draft agreement on Eurasian economic union.

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