Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
EurAsEC to set up 10-billion-dollar anti-crisis fund
+ -
10:38, February 05, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Comment  Tell A Friend
 Print Format  Save Article
The Eurasian Economic Community (EurAsEC) will create a 10-billion-U.S.-dollar fund to deal with the global financial crisis, Belarusian President Alexander Lukashenko said here on Wednesday.

Russia and Kazakhstan will contribute 7.5 billion and 1 billion dollars respectively to the anti-crisis fund, said Lukashenko, who chaired an extended session of the EurAsEC interstate council.

The money would be allocated to member states facing grave social and economic problems, he said, adding that relevant agreements will be drawn up within three months.

(From L to R) Belarus's President Alexander Lukashenko, Kazakhstan's President Nursultan Nazarbayev, Kyrgyzstan's President Kurmanbek Bakiyev, Russia's President Dmitry Medvedev, Tajikistan's President Imomali Rakhmon, Armenia's President Serzh Sarksyan and EurAsEC Secretary General Tair Mansurov pose for a group photo after an extended session of the Eurasian Economic Community (EurAsEC), at the Kremlin in Moscow Feb. 4, 2009. The EurAsEC will create a 10-billion-U.S.-dollar fund to deal with the global financial crisis, Belarusian President Alexander Lukashenko said here on Wednesday.

The fund "will be used only for support, not for commercial needs," Lukashenko said.

The EurAsEC, an economic bloc formed in May 2001, comprises Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.

Source:Xinhua



  Your Message:   Most Commented:
2009 Spring Festival
U.S. blame game cannot change facts of financial crisis 
Hu Jintao's "bu zheteng" baffles foreign media 
China hopes to ensure healthy, stable relations with U.S.
Nation can be first to 'recover'

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90777/90856/6586284.pdf