Russian President Dmitry Medvedev has approved a draft agreement on creation of a coordinated macroeconomic policy between Russia, Belarus and Kazakhstan, a decree posted on the Kremlin's website said.
A Customs Union between the three ex-Soviet states became fully operational in early July, when the countries ratified the Customs Code. The states plan to completely scrap their customs borders on July 1, 2011.
The creation of a common economic space is planned as the next stage towards economic integration. The project is expected to ultimately result in the establishment of a single currency. RIA Novosti
