Russia May Help EU By Investing Up To $10 Billion Through IMF

RUSSIA MAY HELP EU BY INVESTING UP TO $10 BILLION THROUGH IMF

PanARMENIAN.Net
October 31, 2011 – 17:23 AMT

PanARMENIAN.Net – A Kremlin aide says Russia is willing to help
the European Union deal with its debt crisis by investing up to $10
billion through the International Monetary Fund.

Arkady Dvorkovich, an economic adviser to Russian President Dmitry
Medvedev, said Monday, October 31, that Russia could make the money
available to prop up the eurozone as part of its activities at the IMF,
adding that “European stability is important” to Russia.

In remarks carried by Russian newswires, Dvorkovich didn’t rule out
providing direct aid to individual European countries but said Moscow
hasn’t been approached about it, The Associated Press reported.

Emerging economies such as Brazil, Russia, India, China and South
Africa have said they would be willing to prop up the IMF and the
eurozone. But they also have insisted on a bigger role at the IMF,
a key global lender.

From: A. Papazian