Cyprus Loan Request Spurned by Russia in Moscow, Sarris Says
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Russia rebuffed Cyprus’s request for a bailout loan as the euro-area nation sought to salvage talks in Moscow by wooing investment in its energy reserves.
Russia is unable to provide loans and will instead consider making investments in the Cypriot energy industry, the island nation’s Finance Minister Michael Sarris said today in an interview broadcast on Antenna TV. Sarris said he will have a later meeting with his Russian counterpart, Anton Siluanov.