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Cyprus is close to securing a loan from Russia, the WSJ reports, adding that Cyprus may also go...

Cyprus is close to securing a loan from Russia, the WSJ reports, adding that Cyprus may also go to the EU for a bailout. Local newspaper Alitheia says the government has asked for €5B ($6.2B) from the Russians, who lent the country €2.5B last year. Cyprus is in dire need of money by the end of the month to recapitalize its Greek-hit banks.
Comments (2)
  • And Russia wants the Ports....hmmmmm
    13 Jun 2012, 12:11 PM Reply Like
  • The Russian usually would ask for a naval base + an airport with nuclear capabilities.
    13 Jun 2012, 12:14 PM Reply Like
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