Russia to set aside $15.4b for anti-crisis measuresJune 19, 2012 - 12:34 AMT PanARMENIAN.Net - The Russian government has agreed to set aside 500 billion rubles ($15.4 billion) in next year’s budget to directly finance anti-crisis measures if the eurozone crisis continues to escalate and spread, Finance Minister Anton Siluanov said on Tuesday, June 19. The funds will be used to support “socially needy people” and “systemically important enterprises,” Siluanov said in an interview with The Financial Times. In his first interview with a foreign newspaper since his appointment as Russia’s finance minister last year, Siluanov said the anti-crisis mechanism also envisaged the revival of a scheme, proposed but not implemented in 2009, to issue government bonds to recapitalize banks in exchange for shares. The Russian government allocated 200 billion rubles for anti-crisis support to domestic companies in 2012, RIA Novosti reported. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |