Leaders of the G20 nations, which account for 90% of the world economy, agreed at Saturday's summit to reform the World Bank and International Monetary Fund to improve their effectiveness in helping emerging economies through the credit crunch.
Putin said that Russia had always carried out its international obligations and, taking into account the global financial crisis, was ready to put off the implementation of certain earlier-adopted decisions to help the world economy.
However, he also said that, "We don't want to create any additional problems. Nevertheless, we will have to implement a range of earlier-announced decisions on the protection of our national interests."
Although leaders hailed progress at the talks, concrete agreements will have to wait until a follow-up summit, scheduled for April 2009, and likely to be held in London.
Putin also noted that international efforts to overcome the consequences of the crisis should be carried out on an "equal" basis.
"There will only be a point to this work in the event of it being equal, and not reduced to attempts to use our resources to solve those problems that have arisen and that we are not to blame for," the Russian premier said.
"There should be parity, justice and transparency in the work of international financial institutions," Alexei Kudrin, a deputy prime minister and finance minister, said, echoing Putin's statements.
Russia may allocate around $1 billion to the IMF Financial Transactions Plan by the end of 2008, a deputy finance minister announced on Monday.
Dmitry Pankin said Russia could reap financial rewards from the loan or could get the money back if need be.
