New CIS regional group will be organized in the frameworks of financial stability of international council, founded by G20 summit in 2009.

“CIS interregional group will start working from now on,” stated Russian minister of Finance, Alexei Kudrin in the press conference, informs RIA Novosty.

Russian deputy minister of Finance Sergei Storchak will head the group. The first session of the group will be held in September 2011. Kudrin noted that the group will deal with creation of financial system and mechanisms of financial market activities. Each CIS country will be involved in regional group.