Russia to contribute additional $10 billion to IMF capital

Russia will contribute an additional $10 billion to the capital of the IMF, Russian Finance Minister Anton Siluanov said on Friday, Gazeta.ru reports.

The IMF will increase resources to $1 trillion. The initiative will be discussed at a meeting of finance ministers and heads of central banks of the G20 in Mexico on February 25-26.

Earlier reports said that Russia planned to add $15 billion. The IMF needs to increase financial resources by about $600 billion.

Arkady Dvorkovich, Russian Presidential Advisor, said that Russia may contribute up to $10 billion to the eurozone to cope with the debt crisis.

Russian President Dmitry Medvedev said at the G20 business summit that Russia would support the EU through the IMF.

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