Nov. 9 (Bloomberg) -- The International Monetary Fund may need as much as $300 billion to finance bailouts of debt- encumbered European nations, said Arkady Dvorkovich, chief economy aide to Russian President Dmitry Medvedev.

Russia’s contribution to the IMF’s funding will probably remain at 3 percent of the total, Dvorkovich told reporters in Moscow today.

To contact the reporter on this story: Ilya Arkhipov in Moscow at iarkhipov@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net