Nice, France - Russia supports the idea of holding a summit of the world's greatest powers in 101 days' time to debate the reform of the global financial system, a Kremlin official said Friday.

"As I understand it, we support" a proposal from French President Nicolas Sarkozy to hold a summit of the world's 20 greatest powers 100 days after a similar meeting planned in Washington on Saturday, Natalia Timakova, spokeswoman of Russian President Dmitry Medvedev, told journalists at an EU-Russia summit in Nice, France.

The idea of the summit would be to allow US president-elect Barack Obama, who is not expected to attend the Washington talks in a formal capacity, to have his say on the crisis, she explained.

Both Sarkozy, the current holder of the EU's rotating presidency, and Medvedev are set to travel to Washington later on Friday to join the so-called G20 summit on the global financial crisis.

And ahead of the meeting, diplomats had said that the Washington summit was likely to be the dominant subject in the Nice talks.

"Our stance on how the (world) financial architecture should look in the future corresponds ... I believe that tomorrow night in Washington we'll speak the same language. It's obvious," Medvedev told EU and Russian businessmen on Thursday.

On November 7, EU leaders at an emergency summit in Brussels agreed on four principles which should underpin international financial reform: transparency, crisis prevention, better regulation, and the strengthening of the International Monetary Fund (IMF).

On Thursday Medvedev set out his principles for reform: better regulation, transparency, supervision, tighter controls on rating agencies, better risk management and free trade. (dpa)