Monday, March 18, 2013

Russian energy giant Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout

Russian energy giant Gazprom has offered the Republic of Cyprus a plan in which the company will undertake the restructuring of the country’s banks in exchange for exploration rights for natural gas in Cyprus’’ exclusive economic zone, local media reported. Representatives of the Russian company submitted the proposal to the office of Cypriot President Nicos Anastasiades on Sunday evening, Sigma TV reported.(Continue reading at THE GREEK REPORTER

1 comment:

rainywalker said...

This may be a win, win situation for both countries.