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Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'

 
SheldonReturns
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United Kingdom
03/20/2013 04:41 AM
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Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
[link to www.dailymail.co.uk]

Yesterday Cyprus's parliament overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout of 10 billion euros.

Today Michael Sarris, Cypriot Finance Minister, said that he hoped to secure a loan agreement with Russia today as he travelled to talks with Russian Finance minister Anton Siluanov.

Cyprus has asked Russia for a five-year extension of a loan of 2.5 billion euros ($3.22 billion) that matures in 2016, as well as a reduction in the 4.5 percent rate of interest.

Cyprus has also asked Russia to loan it a further 5 billion euros, the Russian finance ministry says, but Moscow has not announced a decision on the request.

President Vladimir Putin called the decision to seize money from savers’ bank accounts as ‘unfair, unprofessional and dangerous’.

Representatives of the Russian energy giant submitted the proposal to the office of Cypriot President Nicos Anastasiades on Sunday evening.

It is also rumoured that the Kremlin is privately offering to help bail out Cyprus in exchange for the right to use a naval base in the Greek part of the island.

Moscow has already handed over £2billion to prop up the economy of Cyprus and is now in talks to restructure the assistance programme.
Anonymous Coward
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Germany
03/20/2013 04:43 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Not only does Russia want their gas, they also want a port...

[link to www.businessinsider.com]
Anonymous Coward
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Hungary
03/20/2013 05:02 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
well if this would go through, the people of Cyprus will one day regret that this cut on deposits didn't happen
Anonymous Coward
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Russian Federation
03/20/2013 05:04 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Fail.
Russian and Cypriot officials failed to reach any agreement on the negotiations
[link to lenta.ru]
Anonymous Coward
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Denmark
03/20/2013 05:13 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Fail.
Russian and Cypriot officials failed to reach any agreement on the negotiations
[link to lenta.ru]
 Quoting: Anonymous Coward 15143208


Good. The banks needs to fail
Anonymous Coward
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United Kingdom
03/20/2013 05:14 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
There is definitely something missing with Russian brain.

Hard to pinpoint it, we need a new word for that.

Something between Jealousy and ignorant..

.. same goes to EU.
Lady Jane SmithModerator
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France
03/20/2013 05:17 AM

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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
This is still in the works.


Russia Offer Cyprus Bailout -- Somehow I feel this will have far reaching consequences.

[link to www.ekathimerini.com]

Cyprus's finance minister pleaded with Russia for help on Wednesday to avert a financial meltdown after the island's parliament rejected the terms of a European bailout, raising the spectre of a looming default and bank crash.

Finance Minister Michael Sarris said he had reached no deal on financing with his Russian counterpart, Anton Siluanov, but talks were continuing.

Cypriot officials disclosed that the country's energy minister was also in Moscow, ostensibly for a tourism exhibition. Cyprus has found big gas reserves in its waters adjoining Israel but has yet to develop them.

"We had a very honest discussion, we've underscored how difficult the situation is,» Sarris told reporters after talks with Siluanov. «We'll now continue our discussion to find the solution by which we hope we will be getting some support.

... more at link
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
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Ireland
03/20/2013 05:18 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Euro is soaring against the dollar now.

Euro doom? lol Nope....a deal has been done.
Anonymous Coward
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Australia
03/20/2013 05:22 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Euro is soaring against the dollar now.

Euro doom? lol Nope....a deal has been done.
 Quoting: Anonymous Coward 5819228


They wish. That would mean 85% of the Parliamentarians (whose consent is needed for such a deal) would have changed their minds overnight and agreed to a bailout.

Not likely.
Anonymous Coward
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United Kingdom
03/20/2013 05:23 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Euro is soaring against the dollar now.

Euro doom? lol Nope....a deal has been done.
 Quoting: Anonymous Coward 5819228


dude! markets are fixed and the can will be kicked again


the eurozone IS fucked. dead before its birth. dead, even before its conception


tick tock
Anonymous Coward
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United Kingdom
03/20/2013 05:31 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
There is definitely something missing with Russian brain.

Hard to pinpoint it, we need a new word for that.

Something between Jealousy and ignorant..

.. same goes to EU.
 Quoting: Anonymous Coward 1764289


[link to www.youtube.com] ***7
Pathaka

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Finland
03/20/2013 05:56 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Poor Cypriots.

Either they get fucked by the EU, or they get fucked by the Russians or they cook in their own shit that they shat themselves.

Whatever the choice, it is not going to be pretty.
Pathaka
Anonymous Coward
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Canada
03/20/2013 06:18 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Too late damage is done...its not about bailouts anymore...its about when the bank runs happen in Europe and the world.
MHz

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Canada
03/20/2013 06:19 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
This is still in the works.

Russia Offer Cyprus Bailout -- Somehow I feel this will have far reaching consequences.

 Quoting: Lady Jane Smith

Perhaps that will start a run on nations flocking to Russian banks (backed by China) only if the nations go the Icelandic route and default on the Rothschild loans.
G3
G3

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03/20/2013 06:25 AM

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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Too late damage is done...its not about bailouts anymore...its about when the bank runs happen in Europe and the world.
 Quoting: Anonymous Coward 36537595


clappa
Anonymous Coward
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United States
03/20/2013 06:28 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
....well that's not very green of them.


Where's the un?

I want to watch putin tell them to get fucked. :sodacorn:
Anonymous Coward
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United Kingdom
03/20/2013 06:35 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Poor Cypriots.

Either they get fucked by the EU, or they get fucked by the Russians or they cook in their own shit that they shat themselves.

Whatever the choice, it is not going to be pretty.
 Quoting: Pathaka


5 short years of being in the euro
Anonymous Coward
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03/20/2013 06:45 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
...and of course the EU/UNNATO gets a good chunk of that.
insertfunnyusername

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Greece
03/20/2013 06:49 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
bump
Anonymous Coward
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03/20/2013 07:02 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Russia Russia...and china quietly fighter1waits.
Anonymous Coward
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Switzerland
03/20/2013 07:11 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
While Russia is winning the geopolitical energy game in Cyprus against the EU, Obama talks "important" with bankrupt Israel

Times are changing ... obviously to fast for the US and Israel, because they mainly remain observers of whats going on in the Middle East and its shores ...

The U.S., Britain, the EU and Israel is part of the axis of losers in the age of aquarius unable to shape anything positive ... their tool was war, terrorism and fear tactics, but as we speak you can see in front of your very eyes that the geopolitical power play is played by Russia and China ...

Just my 2 cents ...

hf
Lady Jane SmithModerator
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Netherlands
03/20/2013 07:19 AM

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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Just my instincts:

I feel Russia has a long term goal of dominating Europe. Considering the financial mess the Eurozone faces, they may very well pull this off by appearing the savior of Europe rather than aggressor/conqueror ...

... but conquered is exactly what they will be.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
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03/20/2013 07:28 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
I can see a Chinese Russian president with a Black Dutch Prime Minister in the ship shaking hands not far into the future..
ChildofGod

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03/20/2013 07:31 AM

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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Could this possibly be the "hook" of Ezekiel 38 being set into the jaw of the Russian Bear? I think Israel might have something to say about Gazprom's oil/gas exploration.

popcorn
Anonymous Coward
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03/20/2013 07:31 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
The EU will do everything they can to make sure Russia does not bail out Cyprus, and thus have a lot more influence on this strategically placed island. Russia will start building building military bases all over the place there.
Anonymous Coward
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United Kingdom
03/20/2013 07:36 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
EU is not a country.

Goodbye.
Anonymous Coward
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Hungary
03/20/2013 07:51 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Just my instincts:

I feel Russia has a long term goal of dominating Europe. Considering the financial mess the Eurozone faces, they may very well pull this off by appearing the savior of Europe rather than aggressor/conqueror ...

... but conquered is exactly what they will be.
 Quoting: Lady Jane Smith


nooo, not again verysad
we've experienced what is it like to be 'saved' by Russians... 40 years of communism followed that
Anonymous Coward
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Netherlands
03/20/2013 08:15 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
People in Cyprus are just enjoying themselves. No doom.

Anonymous Coward
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Netherlands
03/20/2013 08:17 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
[link to godlikeproductions.com]
Anonymous Coward
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Germany
03/20/2013 08:26 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Just my instincts:

I feel Russia has a long term goal of dominating Europe. Considering the financial mess the Eurozone faces, they may very well pull this off by appearing the savior of Europe rather than aggressor/conqueror ...

... but conquered is exactly what they will be.
 Quoting: Lady Jane Smith


nooo, not again verysad
we've experienced what is it like to be 'saved' by Russians... 40 years of communism followed that
 Quoting: Anonymous Coward 18612185


Well, wait until you can compare with 40 years of EU... maybe you´ll change your mind.
Anonymous Coward
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Poland
03/20/2013 10:04 AM
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Re: Russia 'offers to write off Cypriot debt if Gazprom get access to untapped oil'
Heh everybody want to swindle Cyprian gas and oil. They wont allow that country to raise until they suck it dry.

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