Kazakh Preisdent Nursultan Nazarbaev offered to hold European Union-CIS forum at the 11^th Petersburg International Economic Forum.

Mr Nazarbaev said there is no alternative to interregional cooperation today and only integration can ensure development of our countries.

He added that such wish was ground at the creation of CIS, but it did not become effective organization due to inexistence of mutual trust.

Kazakh leader suggested to create Eurasian Bankers Club and Eurasian Business Congress to develop cooperation among businesses of CIS states. He added that it is necessary to hold European Union-CIS Forum to build relations with the West.