President of Belarus approved the accession countries to the crisis fund Eurasec

President of Belarus Alexander Lukashenko has approved the decree of the treaty establishing crisis fund the Eurasian Economic Community and the Agreement on the management of crisis fund EURASEC, the agency Interfax-West of UN member-states.

Lukashenko has approved the contract on July 1. At the signing of an agreement authorized the President, Prime Minister Sergei Sidorsky. Authorization to sign an agreement provided by the Minister of Finance Andrej Harkovtsu.

As previously reported, in accordance with the Lukashenko, Belarus will make crisis fund EURASEC $ 10 million, including $ 1 million by transferring funds and $ 9 million in the form of promissory notes.

Guide Ministry of Finance does not exclude that at the end of the year of crisis fund Eurasec Belarus may be allocated a credit for $ 500 million

EurAsEC countries have approved a plan of joint measures to combat the effects of the global financial crisis.

As expected, the fund will be used to provide sovereign loans and adjustment loans to States Parties, as well as the financing of inter-state investment projects.

crisis fund EURASEC will be formed in the amount of $ 10 billion greater part of the authorized capital stock of the proportion of Russia - $ 7.5 billion

According to Vice-Premier, Minister of Finance Alexei Kudrin, Chairman ofthe Board designated fund crisis fund Eurasec could begin operations in September 2009.

Reproduction, copying or reproduction of information containing a reference to the Agency quot; Interfax-Ukraine quot; , in any form is strictly prohibited.
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