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Brussels blog by some wire service journalists

Medvedev: Russia pledges to help euro

Russian President Dmitry Medvedev

By SLOBODAN LEKIC

BRUSSELS (AP) — Russian officials indicated Thursday that their country may offer more than the $10 billion it already has promised the International Monetary Fund to help support the struggling euro currency.

Speaking at a news conference with EU President Herman van Rompuy and European Commission head Jose Manuel Barroso, Russian President Dmitry Medvedev said: “We are ready to invest the necessary financial means to back the EU and the eurozone. We are ready to consider other measures of support.”

He didn’t elaborate, but Russian officials have said their country would offer up to $10 billion to the IMF to help support the euro. And Arkady Dvorkovich, a Medvedev economic adviser, indicated Thursday the total may be greater because Russia has a big economic stake in the EU, where a debt crisis is dragging down economies and the 17-nation eurozone.

READ THE FULL STORY HERE.

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Don Melvin

Slobodan Lekic

Raf Casert

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