Russia ready to boost eurzone bond holding: Kudrin

26th September 2011, Comments 0 comments

Finance Minister Alexei Kudrin said Monday that Russia was ready to expand its eurozone bond holdings and boost its IMF contributions in a bid to soothe Europe's growing debt concerns.

Kudrin told Russia Today television that Moscow would be staying away from the bonds of "risky countries" such as Greece.

But he added that Russia's eurozone bond holdings were "slowly growing" and would continue to do so in the near future.

"Mostly, we are going to invest in the bonds of the European Union, the European Financial Stability Facility," Kudrin said.

"We are also ready to provide additional resources for the IMF and through the IMF, help in supporting those countries," the long-serving finance minister added.

© 2011 AFP

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