Russia and Belarus will create a confederal state in 2022 – media
The Russian publication Kommersant claims to have familiarized itself with the program for economic integration of Russia and Belarus, initialed by the governments of the two countries in early September.
Both sides promised to make it public, but did not do so, a PolitNavigator correspondent reports.
“At least on the paper signed by the two prime ministers, we are talking about a rather radical project: this is partial economic integration at a level no less than that of the European Union, and in a number of issues similar to confederal or even federal states. When implementing the plan by 2021, we are talking about the absorption of the heavily nationalized Russian economy into the almost entirely state-owned economy of Belarus at the management level,” the publication writes.
The program talks about a unified Tax Code, a foreign trade regime and the Civil Code, unified property accounting and similar social guarantees, almost unified banking supervision, but with two central banks, a single regulator of the oil, gas and electricity markets and harmonized state regulation of industries.
“The most important thing that is supposed to be united is the tax systems: it is assumed that in the Union State of Russia and Belarus a single Tax Code will be adopted by April 1, 2021,” writes Kommersant.
At the same time, the publication notes that there are few specifics in the program.
“Based on the document, it is impossible to say from what year it will come into force - however, if from January 1, 2022, in the Union State (as is standard in a confederation), issues related to general and national jurisdiction, and the Tax Code will be differentiated The Russian Federation may change in 2022,” the article says.
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