The state order will accept EAEU guarantees // Commodity deficit opens up Russian government purchases for allied suppliers
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The EAEU countries continue to remove barriers in the general procurement market – until now, the free access of suppliers from the EAEU to the largest Russian market is complicated by technical requirements, for example, to bank guarantees. They are determined at the national level, and Russian legislation significantly limits the list of banks – they must be on the list of the Ministry of Finance and receive a credit rating from a Russian rating agency. Now the countries of the “five” have agreed to remove such restrictions and mutually recognize the guarantees of all the countries of the EAEU – an agreement on this was signed by the Council of the Eurasian Economic Commission (EEC).
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