Cyprus has not agreed with Russia on the aid to the country yet

On Wednesday, Cypriot Finance Minister Michael Sarris had negotiations with his Russian counterpart Anton Siluanov and First Deputy Prime Minister Igor Shuvalov. The negotiators discussed Russia’s possible aid to Cyprus. In exchange for the financial aid Nicosia proposed to Russia a share in local banks and the access to the recently found gas deposits on the Cypriot continental shelf. The negotiations have not brought any results yet. The leadership of the European Commission will join the negotiations on Thursday.

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