Russia is setting aside up to $40bn for this year and next to shore up the economy in case the eurozone crisis should escalate and spread.
At the same time, Moscow is dusting off a plan that would allow the government to recapitalise the banking system.
In his first interview with a foreign newspaper since his appointment as finance minister last year, Anton Siluanov said the government had agreed to create a reserve mechanism worth Rbs500bn ($15.4bn) for next year “for the direct financing of anti-crisis measures”.
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