By Prensa Latina,
Moscow : A joint $10 billion anti-crisis fund is atop the agenda of the leaders of the Euro-Asian Economic Community in Russia.
Russian Presidential Advisor Serguei Prijodko says the EAEC project will help soothe the effects of the global economic and financial crisis started in the US.
The fund will grant sovereign loans and stabilization credits, fund commercial operations with the EAEC and help effect inter-state investments, says the official.
Rather than signing accords, they will discuss key operational guidelines, set a common customs, economic policy, tariffs, a unique price and other elements of a common market, says the sources.
The EAEC was founded in Astana, Kazakhstan, on October 10, 2000 and became operational on May 30, 2001, says RIA Novosti.
Current EAEC full members are Russia, Belarus, Kazakhstan, Kirghizstan and Tajikistan. Moldova and Ukraine are observers since 2002, Armenia since 2003 and Uzbekistan withdrew December 2008.