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Russia Reluctant to Bail Out Cyprus
22.03.2013 15:46
Russia Reluctant to Bail Out Cyprus
Photo Credit: http://www.smh.com.au

Cyprus finance minister has left Russia empty-handed after tough talks in Moscow over possible bailout measures.

      Michalis Sarris met with his counterpart Anton Siluanov and first vice-premier Igor Shuvalov in Moscow to negotiate better terms for an earlier loan worth 2.5 billion euros and request a new 5 billion euro credit.

      The Cypriot finance minister was still optimistic that the sides could come to an agreement later.

      According to reports, state-owned Gazprom and Rosneft were not interested in the offers made by the Cypriot government.




Author: Mikhail Vesely

Tags: Russian banks Russian offshore companies Anton Siluanov Igor Shuvalov  

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