Russia is to spend 750 billion rubles (9 billion euros, $9.8 billion) to tackle the country's financial crisis, economy minister Alexei Ulyukayev said Thursday.

Ulyukayev said that the measures will cost "around 750 billion rubles," of which 310 billion rubles are loans to regional authorities already allocated in the 2016 budget, quoted by TASS state news agency.