Eurasian Economic Commission Minister in charge of Integration and Macroeconomics Sergei Glazyev has called for creating an exchange space in the Eurasian Economic Union (EAEU) by shifting to a system of prices denominated in national currencies and independent from the West, according to coverage by Interfax.
“We have been repeatedly proposing to create a Europe-type currency snake.... What I mean is to create a mechanism of mutual restrictions on fluctuations of currency rates in order to attain stability in our Eurasian Union from the angle of national currencies,” Glazyev said in an interview with the Belarusian television channel Belarus 1.
