MOSCOW, October 8 (RIA Novosti) - Russian Prime Minister Vladimir Putin signed on Thursday an order allocating 24.45 billion rubles ($820 million) from the federal budget to the anti-crisis fund of the post-Soviet economic bloc EurAsEC.
The funds will be channeled under the federal law on the budget for 2009 and the planned period of 2010-2011, the government resolution said.
The anti-crisis fund of the Eurasian Economic Community, comprising Russia, Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan, with Moldova, Ukraine and Armenia holding observer status, has been set up to address the negative effects of the global financial crisis and help integrate the bloc's economies.
Russia will provide $7.5 billion of the $10 billion fund, which has yet to be formed.
Russian Finance Minister Alexei Kudrin said Russia's participation in the EurAsEC anti-crisis fund was the country's contribution to the global effort to overcome the crisis at the international level.
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