Russia Offers $10 Billion to Euro Zone to Avert Crisis

Full Story: The Moscow Times  

While France is looking towards China for bailing out EuroZone from its present crisis, Russia has offered to chip in $10 Billion to ease monetary crisis. The money will be provided through the International Monetary Fund. A Kremlin spokesman said Monday that Russia may also consider offering bilateral support to individual countries if the bloc asks for such help.

The announcement came ahead of President Dmitry Medvedev's participation in the Group of 20 summit, which will focus on the measures to prevent a new wave of the global financial crisis.

Posted in: Money