Total volume of EurAsEC Anti-crisis fund to make USD 10 bln
10:13, 8 July 2009
SAINT PETERSBURG. July 8. KAZINFORM /Yelena Myagkova/ The total volume of the Anti-crisis fund of the EurAsEC countries will comprise USD 10 bln. Russia's share in this sum will make USD 7.5 bln. In accordance with the bill "On amendments to the Federal Law "On federal budget for 2009 and 2010, 2011" the Fund may start functioning in September 2009, Kazinform reports.
As earlier reported on June 9, 2009 heads of the governments of the EurAsEC countries with the participation of Armenia signed a treaty on the Anti-crisis fund establishment. The Fund's means will be directed to the member countries as sovereign loans and stabilization credits and for inter-state investment projects financing.