Kyrgyzstan hopes for Kazakhstan's financial aid13 июля 2014, 11:41
Kyrgyzstan’s government is ready to sign a bilateral agreement with Kazakhstan detailing financial assistance to the former in its ascension to the Customs Union and the Eurasian Economic Union of Russia, Kazakhstan and Belarus, Tengrinews reports citing the Minister of Economy of Kyrgyzstan Temir Sariyev as saying in Bishkek in late May.
To fully adapt the Kyrgyz economy to the Eurasian Union there is an agreement to establish a special $1 billion fund together with Russia. Half of the amount will come as a grant and the other half - as a loan. Kyrgyzstan has committed itself to harmonising the legal framework for the accession into the Customs Union and the Eurasian Economic Union by January 1, 2015.
The three post-Soviet countries - Russia, Kazakhstan and Belarus - signed the Treaty establishing the Union on 29 May in Astana. The Union will come into effect in January 2015.
Writing by Dinara Urazova, editing by Tatyana Kuzmina