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 Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.