Kyrgyz-Russian Development Fund gets $1bn capital

Kyrgyz-Russian Development Fund: The Russian government has approved a draft law that will see a Kyrgyz-Russian Development Fund established with an initial capital of $1bn. The funds will be used to develop economic cooperation within the framework of the Eurasian Economic Union project and will focus on agribusiness, the textile, manufacturing, mining and metallurgical industries, transport, housing, trade and infrastructure. TREND