RUSSIA TO CONTRIBUTE $7.5 BLN TO EURASEC ANTI-CRISIS FUND

RIA Novosti
22:01 | 25/ 03/ 2009
UN

Russia will contribute $7.5 billion to the anti-crisis fund of the
Eurasian Economic Community (Eurasec), a senior diplomat said on
Wednesday.

"Despite the ongoing financial and economic crisis, which has also
affected Russia, we confirm our commitment to provide assistance to
developing nations," First Deputy Foreign Minister Andrei Denisov said.

Russian President Dmitry Medvedev said in early February that Moscow
would run the anti-crisis fund that Eurasec member states agreed to
set up at a recent summit in Moscow.

The $10 billion fund is being established to counter problems in
economies and financial markets of Eurasec member states.

The Eurasian Economic Community, established in 2000, comprises
Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. Three other
former Soviet republics – Armenia, Moldova and Ukraine – have observer
status.