Russia considers financial support for eurozone

Updated: 2011-10-21 22:46

(Xinhua)

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MOSCOW - A Russian official said Friday his country was considering measures to help financially troubled eurozone countries.

Arkady Dvorkovich, Russian President Dmitry Medvedev's top economic adviser, said Moscow did not rule out using its reserve funds to invest in bonds from selected European countries. The decision on whether to buy bonds of Spain or other countries would be made by the Russian Financial Ministry and the Russian Central Bank.

Any decision in that regard would be made only after thoughtful study due to high risks associated with these investments, Dvorkovich told a press conference.

Dvorkovich said BRICS (Brazil, Russia, India, China and South Africa) countries stood in support of the eurozone countries.

"We and all BRICS countries have such a position: we need to support collectively all the countries," he said.