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Russia to lend funds to Europe through IMF - aide

December 22, 2011, 17:50 UTC+3
Russia will lend funds to Europe from Central Bank reserves through the IMF
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Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

MOSCOW, December 22 (Itar-Tass) — Russia will lend funds to Europe from Central Bank reserves through the IMF, but the European Union has not requested it as of yet, Russian president’s aide Arkady Dvorkovich told reporters on Thursday.

“They have not applied to us as of yet, that is why the amount has not been determined,” he said. “We believe funds may be offered from reserves of the Central Bank through the IMF, and this is in no way connected with the current budget spending,” he added.

He said this will be a loan to the IMF from the Central Bank, “and then the IMF will formulate programs and administer funds”.

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