FR Federation Council ratifies agreement on EurAsEC Anti-crisis Fund creation

July 18, 2009 - 17:15 AMT
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.
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