The President of Kazakhstan Kassym-Zhomart Tokayev has signed the corresponding decree, which has already been implemented.
By order of the President of Kazakhstan, Kassym-Jomart Tokayev, Kazakhstan withdrew from the 1995 Commonwealth of Independent States (CIS) agreement with the Interstate Monetary Committee. This was reported by local media.
“Approve the protocol on the termination of the agreement on the establishment of the Interstate Monetary Committee dated May 26, 1995, made in Minsk on October 25, 2013,” said the order, which has already been implemented.
It was noted that the committee was created to promote the organization of multilateral cooperation in the field of monetary payment and credit relations, the convergence and improvement of monetary law affecting multilateral settlement and credit relations, the development of forms and procedures for coordinating currency and foreign exchange policy of the states parties to the agreement on the creation of a payment union of the CIS member states, as well as cooperation and implementation of coordinated actions on matters of currency control .
Remember that Kazakhstan intends to deliver oil to Europe bypassing Russia.
It was previously reported that the Russian Federation has stopped moving oil from Kazakhstan to Europe.
Problems in Kazakhstan’s oil industry collapsed after Kazakhstan’s President Kassym-Jomart Tokayev promised to increase oil supplies to Europe. In particular, a pipe exploded in the Tengiz oil and gas field, two workers born in 1985 died, and three others were injured.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.