Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Reuters reports.
Putin made his proposal at a meeting with the Belarussian and Kazakh presidents.
“The time has come to start thinking about forming a currency union,” Putin told reporters after the talks in the Kazakh capital Astana with Belarussian President Alexander Lukashenko and Kazakh President Nursultan Nazarbayev.
He gave no details but suggested it would be beneficial for the three countries to work closely together as they try to overcome their economic difficulties.
