Sanctions against Russia will not affect investment to Kyrgyzstan - Ministry of Finance of the Russian Federation
Date: 08:50, 01-04-2015.
Almaty. March 31. Silkroadnews - Sanctions against Russia will not affect investment to Kyrgyzstan, reports KyrTAG citing Deputy Finance Minister Sergei Storchak.
According to him, the fund has already received $100 million, in the near future will be transfered another $50 million, and by the end of the year total investments will amount to $350 million.
Recall, the Kyrgyz-Russian Development Fund is established by intergovernmental agreement between the two countries. Fund budget is $1 billion, of which $500 million - the authorized capital, the left $ 500 million - borrowed funds. Funds will be used to adapt the economy of Kyrgyzstan to the Customs and the Eurasian Economic Union.
