Yerevan /Mediamax/. There will be a Stabilization Fund set up in the Central Bank of Armenia for distributing the means of the Russian loan at the volume of $500mln.

Mediamax reports that, speaking at the session of the government today, Tigran Sargsian stated that a part of the Russian loan will be directed to repay the deficit of the state budget of Armenia for 2009, 24bln AMD will be spent for rehabilitation works in the zone of Spitak earthquake, 15bln AMD will be provided by the government to Small and Medium Enterprise Development National Center.

The Prime Minister noted that the remaining means will be transferred to the account of the Stabilization Fund and spent for realization of anti-crisis measures.