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DECISION OF THE SUPREME EURASIAN ECONOMIC COUNCIL

of December 6, 2018 No. 23

About forming of the total markets of oil and oil products of the Eurasian Economic Union

According to articles 84 and 104 of the Agreement on the Eurasian Economic Union of May 29, 2014 the Supreme Eurasian economic council solved:

1. Approve enclosed:

Program of forming of the total markets of oil and oil products of the Eurasian Economic Union;

the actions plan on forming of the total markets of oil and oil products of the Eurasian Economic Union (further - the plan).

2. To state members of the Eurasian Economic Union to determine the public authorities responsible for implementation of actions, provided by the plan and to provide information on them in the Eurasian economic commission within 30 calendar days from the date of the introduction of this Decision in force.

3. To provide to state members of the Eurasian Economic Union the direction in the Eurasian economic commission of drafts of the acts drafted according to the plan.

4. The Eurasian economic commission to perform monitoring of implementation of actions, provided by the plan and to annually inform Eurasian intergovernmental council on results of monitoring.

Members of the Supreme Eurasian economic council:

From the Republic of Kazakhstan

From the Republic of Armenia

From the Kyrgyz Republic

From the Republic of Belarus

From the Russian Federation

Approved by the Decision of the Supreme Eurasian economic council of December 6, 2018 No. 23

Program of forming of the total markets of oil and oil products of the Eurasian Economic Union

I. General provisions

1. Basis of development of the Program

1. This Program is developed according to article 84 of the Agreement on the Eurasian Economic Union of May 29, 2014 (further - the Agreement) taking into account provisions of article 79 of the Agreement, Protocol on procedure for the organization, management, functioning and development of the total markets of oil and oil products (appendix No. 23 to the Agreement) and to the Concept of forming of the total markets of the oil and oil products of the Eurasian Economic Union approved by the Decision of the Supreme Eurasian economic council of May 31, 2016 No. 8 (further - the Concept).

2. Determinations

2. For the purposes of this Program concepts which mean the following are used:

"the exchange biddings by oil and oil products" - the biddings by oil and oil products which are carried out according to rules of carrying out the exchange biddings by oil and oil products and directed to transactions with oil and oil products on the basis of the applications submitted within single exchange space to trade system of the operator of the exchange biddings;

"access to oil transportation systems and oil products" - provision of right to use of the oil transportation systems and oil products managed by operators of oil transportation systems and oil products for oil transportation and oil products within the total markets of oil and oil products of the Eurasian Economic Union;

"single exchange space" - set of information and technological relations between operators of the exchange biddings and participants of the total markets of oil and the oil products of the Eurasian Economic Union connected with making of stock exchange transactions with oil and oil products;

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