The President and Chairman of VTB Bank Andrey Kostin has clarified that Russia is not in the position to help resolve the Greek debt crisis.

According to Mr. Kostin, the Greek debt crisis is a European problem and as such it is up to the European Union to provide a solution to the crisis.

Mr. Kostin, who made the comments on the sidelines of a BRICS conference in Ufa, added that Europe created the crisis and must now resolve it on its own.