News / Europe

Russia Pledges $10 Billion in Eurozone Aid

European Council President Herman Van Rompuy (l) and European Commission President Jose Manuel Barroso (r) welcome Russia's President Dmitry Medvedev, at the European Council building in Brussels, Dec. 15, 2011
European Council President Herman Van Rompuy (l) and European Commission President Jose Manuel Barroso (r) welcome Russia's President Dmitry Medvedev, at the European Council building in Brussels, Dec. 15, 2011

Russia says it is ready to commit more than $10 billion to the International Monetary Fund to help support the struggling eurozone economy.

President Dmitry Medvedev made the pledge Thursday in Brussels during the biannual EU-Russia summit. "We will abide by all the commitments being the participant of the International Monetary Fund, and we are ready to invest the necessary financial means to back the European economy and the euro zone. We are ready to look at and consider other measures of support," he said.

His economic adviser, Arkady Dvorkovich, earlier said $10 billion would be the minimum commitment Russia would make.  The offer follows last week's summit of European leaders in which nearly all EU countries pledged up to $200 billion in funds and loans to the IMF rescue fund.

Mr. Medvedev says 41 percent of Russia's currency reserves are invested in euros, and that Russia is interested in seeing the European Union preserved as a powerful economic and political force.

"Only Europe will be able to help Europe, but other countries should provide conditions for Europe to liberate itself from the crisis burdens as soon as possible and recover from this downturn as soon as possible," he said.

Thursday's summit gathered EU President Herman Van Rompuy, EU Commission head Jose Manuel Barroso and Mr. Medvedev, among other officials, and comes just days after Russia's much criticized parliamentary elections.

At a news conference after the summit, Van Rompuy criticized the vote, saying the EU is concerned about irregularities, but he welcomed Russia's pledge to monitor future polls.

On Friday, the World Trade Organization is set to approve Russia as a member, after 18 years of trying to join.

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

You May Like

Ukraine Purges Interior Ministry Leadership With Pro-Russian Ties

Interior Minister Avakov says 91 people 'in positions of leadership' have been fired, including 8 generals found to have links to past pro-Moscow governments More

US Airlines Point to Additional Problems of any Ebola Travel Ban

Airline officials note that even under travel ban, they may not be able to determine where passenger set out from, as there are no direct flights from Liberia, Guinea or Sierra Leone More

Nigerian President to Seek Another Term

Goodluck Jonathan has faced intense criticism for failing to stop Boko Haram militants More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Talks to Resume on Winter Gas for Ukrainei
X
Al Pessin
October 25, 2014 4:21 PM
Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Talks to Resume on Winter Gas for Ukraine

Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.

All About America

AppleAndroid