- Sputnik International
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Russia to contribute $7.5 bln to Eurasec anti-crisis fund

UN, March 25 (RIA Novosti) - 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.

To participate in the discussion
log in or register
Заголовок открываемого материала