Russia ready to support Europe through the IMF or the Financial Stability Fund
Best Growth Stock – Russia is ready to support Europe through the International Monetary Fund (IMF) or by acquisition of the obligations of European Financial Stability Fund (EFSF), said today the Russian finance minister Alexei Kudrin.
“We are ready to provide additional resources to the IMF to be used in support of these countries (EU),” Kudrin said in an interview with Russia Today television channel.
The Russian Deputy Prime Minister also said that it would be an “extension of the investment” of resources “very profitable”.
Kudrin said that Russia also is willing to purchase obligations of the Financial Stability of the eurozone.
“This mechanism will allow us to mobilize our resources and we are prepared to participate,” said the head of the Finance portfolio.
Category: Business News
