Russia, Kazakhstan could set up fund to seal Eurasec economic ties

MOSCOW. January, 27. KAZINFORM - Russia and Kazakhstan could set up a regional fund within the framework of Eurasec in an effort to develop joint economic policy among the bloc's member-states, the Russian prime minister told Bloomberg.

Eurasec, established in 2000, is an international economic organization comprising Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. Three other former Soviet republics, Armenia, Moldova, and Ukraine have observer status. "For example, we are now considering the possibility of setting up a small but genuinely functioning fund within the framework of the well-known integration body Eurasec. Together with Kazakhstan, we are making arrangements to invest some funds into it by attracting small but real resources of other countries to use these funds for development," Vladimir Putin said in an interview broadcast on Tuesday; Kazinform cites RIA Novosti.