Eurozone member Cyprus is set to join Greece, Ireland and Portugal by seeking external aid to prop up its finances. But unlike the EU and IMF bail-out packages, its loan is to come from Russia with "no strings attached".
Russian finance minister Alexei Kudrin in a telephone conference with press on Wednesday (14 September) confirmed that Moscow is at an advanced stage in negotiating the rescue package with Nicosia.
"Italy has not approached us. Eurozone countries have not approa...
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Already a member? Login hereAndrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.