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Medvedev: Russia Concerned About European Currency Crisis

Russian President Dmitri Medvedev has urged the European Union to stabilize its common currency, saying a stable euro is important for EU trade partners, including Russia.

Mr. Medvedev told reporters in Germany Saturday that Russia is not indifferent to the fate of the European single currency, because it keeps part of its foreign currency reserves in euros.

The Russian president arrived in Germany Friday to discuss global and bilateral issues with German Chancellor Angela Merkel.

After speaking with the German leader, Mr. Medvedev expressed confidence that a package of EU measures put in place to help stabilize the euro will work.

Later this month, leaders from top 20 economies will meet in Canada to discuss ways of stabilizing the world economy and financial system.

The Russian and German leaders also proposed a new EU-Russian security committee to establish ground rules for joint civilian and military crisis management. The committee would deal with regional conflicts in places such as Moldova's Transdniester region.

Some information for this report was provided by AP, AFP and Reuters.