Kazakhstan Today. EurAsEC states plan to finish ratification of documents of the Anti-Crisis Fund in September.

Almaty. August 25. Kazakhstan Today - EurAsEC states plan to finish ratification of documents of the Anti-Crisis Fund in September. Director for Analytical Department, trustee of Eurasian Bank of Development, Vladimir Yassinsky, informed today, the agency reports.

V. Yassinsky has reminded that "the fund resources will be used in three directions: sovereign loans, stabilization credits and interstate investment projects." "Russia invests $7.5 billion, Kazakhstan - $1 billion, Kyrgyzstan, Tajikistan, Armenia - $1 million each and Belarus - $10 million."

The special council that will include Ministers of Finance of the countries-founders along with Eurasian Development Bank will control the fund.

As informed earlier, on July 27, the President of Russia, Dmitry Medvedev, signed the Federal Law on ratification of the contract on establishment of Anti-Crisis Fund of the Eurasian Economic Community and the agreement on management of the resources of the Anti-Crisis Fund of the Eurasian Economic Community accepted by the State Duma on July 15, 2009 and approved by the Federation Council on July 18, 2009.