Support The Moscow Times!

Kremlin Might Aid Cyprus

Eurogroup President Jeroen Dijsselbloem said that Moscow may be involved in the final bailout deal given the loan it had provided.

"We know that there are many account holders with a foreign background, [in Cyprus] and part of those are undoubtedly Russian. That plays a role [in a solution]," he said.

Policymakers have been less clear about the possibility of depositors in Cypriot banks losing money.

On Monday, Cyprus's finance minister made it clear he did not wish to impose losses on bank depositors.

EU Economic and Monetary Affairs Commissioner Olli Rehn said on Tuesday that under the terms of the emerging bailout, Cypriot government debt would not be restructured to impose losses on private creditors.

(Reuters)


Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more