November 27, 2012 / 1:15 PM / 5 years ago

Russia will not switch out of euro reserves -Medvedev

1 Min Read

PARIS, Nov 27 (Reuters) - Russia has no plans to switch its euro-denominated foreign exchange reserves into other currencies, Prime Minister Dmitry Medvedev said on Tuesday during a visit to Paris.

"We have no intention of reallocating them ... Despite the problems (in the euro zone ) we think it will get better," Medvedev told a news conference.

Russia has signalled in the past that it could be willing to diversify its forex reserves by adding other currencies such as the Australian dollar.

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