RUSSIA, KAZAKHSTAN COULD SET UP FUND TO SEAL EURASEC ECONOMIC TIES

RIA Novosti
14:00 | 27/ 01/ 2009

MOSCOW, January 27 (RIA Novosti) – Russia and Kazakhstan could set
up a regional fund within the framework of Eurasec in an effort to
develop joint economic policy among the bloc’s member-states, the
Russian prime minister told Bloomberg.

Eurasec, established in 2000, is an international economic
organization comprising Belarus, Kazakhstan, Kyrgyzstan, Russia and
Tajikistan. Three other former Soviet republics, Armenia, Moldova,
and Ukraine have observer status.

"For example, we are now considering the possibility of setting up
a small but genuinely functioning fund within the framework of the
well-known integration body Eurasec. Together with Kazakhstan, we
are making arrangements to invest some funds into it by attracting
small but real resources of other countries to use these funds for
development," Vladimir Putin said in an interview broadcast on Tuesday.

From: Emil Lazarian | Ararat NewsPress