FR Federation Council ratifies agreement on EurAsEC Anti-crisis Fund creation
18.07.2009 16:15 GMT+04:00

/PanARMENIAN.Net/ At Saturday sitting, FR Federation Council will
ratify an agreement on creation of EurAsEC Anti-crisis Fund and a
Contract on funds managements of, RIA Novosti reported.

EurAsEC member states, with participation of Armenia signed an
agreement on creation of EurAsEC Anti-crisis Fund to overcome
financial crisis consequences and integrate economy in CIS member
states.

The EurAsEC created a USD 10 billion fund to deal with the global
financial crisis, USD 7,5 billion will be funded by Russia.

The money would be allocated to member states facing grave social and
economic problems as well as used for funding of intergovernmental
investment programs.

The Eurasian Economic Community includes Byelorussia, Kyrgyzstan,
Tajikistan and Russia. Moldavia, Ukraine and Armenia have observer
status