Nov. 18 (Bloomberg) -- Russian central bank Chairman Sergey Ignatiev said the European Central Bank may be forced to increase bond purchases to contain the “extremely severe” debt crisis. He spoke to reporters in Moscow today.

To contact the reporter on this story: Artyom Danielyan in Moscow at adanielyan@bloomberg.net

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