Russia can help Europe in debt crisis: Kremlin aide

10th October 2011, Comments 0 comments

Russia said Monday that Moscow was ready to help Europe recover from its debt crisis as soon as its leading nations put aside their differences and came up with a clear rescue plan.

President Dmitry Medvedev's top economic adviser said, following talks in Moscow with Spanish Finance Minister Elena Salgado, that the two sides discussed the participation of Russia in a potential bond purchase plan.

"We expect the European countries to announce a concrete, clear crisis exit strategy," Interfax quoted Arkady Dvorkovich as saying.

"If support from Russia and other BRICS (Brazil, India, China and South Africa) nations is needed within the framework of this strategy, we are ready to render such support," Dvorkovich said.

There was no immediate comment from the Spanish minister and Dvorkovich himself made clear that the discussions were preliminary.

"Until such a strategy is announced, it is premature to talk about" Russia's involvement, Dvorkovich said.

He said the meeting was also attended by Russia's former finance minister and current International Monetary Fund and World Bank representative Alexei Kudrin.

© 2011 AFP

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