Armenia to contribute $1 million to EurAsEC anti-crisis fundMay 20, 2009 - 18:14 AMT PanARMENIAN.Net - EurAsEC Financial and Economic Policy Council has adopted an anti-crisis action plan and set up an anti-crisis fund, Vice Premier and Finance Minister of Russia Alexei Kudrin told reporters following the EurAsEC session that was held in Moscow on May 20. EurAsEC member states coordinated their aggregate contribution to the EurAsEC anti-crisis fund which it to amount to $10 billion. According to Alexei Kudrin, Belarus will determine its individual contribution by the end of May 20. Russia will contribute $7.5 billion, Kyrgyzstan, Tajikistan and Armenia - $1 million each; Kazakhstan will allocate $1 billion. The countries do not plan to fill the fund right away. "We will discuss the replenishment of the fund and reaching $10 billion as the money is utilized," Alexei Kudrin explained. He informed that the fund will start working as soon as the relevant agreement is ratified which might take up to three months, BelTA reported. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |