Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Kazakhstan stands for transition within the SCO framework to mutual settlements in national currencies

Kazakhstan is in favor of a transition within the framework of the SCO to mutual settlements in national currencies, Karim Massimov, Prime Minister of the Republic of Kazakhstan, said today at a meeting of the SCO Heads of Government Council in Astana.

“We consider it possible to start mutual settlements in national currencies. We already have developments at the bilateral level, which could be transferred to the plane of the entire Organization,” K. Massimov said, citing TASS.

“Earlier, we have repeatedly emphasized the need to implement economic projects that can demonstrate the practicality of the Organization. For this purpose, we advocate the earliest possible launch of mechanisms for financial support of project activities within the SCO.

Kazakhstan is open to dialogue on the search for optimal formats for such a mechanism, "the prime minister said.

Along with this, he stressed, the Kazakh side proposes the SCO Business Council and the Organization’s interbank association to join work on draft documents in the field of trade and economic cooperation, a plan of measures for implementing the program of multilateral trade and economic cooperation and a list of measures for the further development of project activities SCO for the period 2017-2021's.

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