Russia may help Cyprus in exchange for oil

Cyprus  -  When the Banks rob the customers

• A world gone mad  -  A formerly Communist, now Capitalist Russia is looking to protect Cyprus from the evil Socialist European Union looking to steal private property.

Cyprus Finance Minister and top bankers are in Moscow searching financial help after the EU proposal implying private savings levy was rejected by parliament. The Cypriot delegation is looking into whether Moscow’s terms are better.

A world turned upside down.
Russia may help Cyprus
against the European Socialists.

Finance Minister Michael Sarris, who heads the Cyprus delegation, has expressed hope that Moscow is going to lend money to Nicosia on acceptable conditions on Wednesday.

The negotiations between Sarris and his Russian counterpart Anton Siluanov have not brought practical results so far reports RT News.

"There were no offers, nothing concrete... We're happy with a good beginning," Sarris said.

He told reporters after talks that the discussion with Siluanov had been “very honest” and that the Cypriot delegation“underscored how difficult the situation is.”

But Sarris shared hope that "We'll now continue our discussion to find the solution by which we hope we will be getting some support.”

Allegedly, Cyprus has asked Russia for a five-year extension of an existing loan of 2.5 billion euro Moscow that granted the island nation in 2011.


Farage:  EU wants to steal money from Cypriots bank accounts
In Nigel Farage’s first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union’s leadership “never did [he] think they would resort to stealing money from people’s savings accounts.” T

he simple fact is that they know they cannot let any country leave, no matter how small, for “once one country goes, the whole deck of cards will come tumbling down.”

Oil deposits can make you many friends.

The demands of the European creditors confiscate 10 per cent of bank deposits in exchange for bailout of the Cyprus economy caused panic among country’s citizens and investors. Parliament on Tuesday voted against the EU demand to tax all accounts registered on the country. The measure supposed to claim 6.75 per cent from accounts under 100,000 euro and 9.9 per cent from those over 100,000 euro.
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What’s in it for Russia?

The presence of Minister of Commerce, Industry and Tourism Giorgos Lakkotripis in the Cypriot delegation only adds intrigue to talks in Moscow.
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Speculation is raging as to what Russia is planning to ask from Cyprus in exchange for the money.
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The Wall Street Journal assures that Nicosia is preparing to exchange some shares in the island’s banks and energy projects in return for a Moscow credit line.

Russian energy giant Gazprom has reportedly offered Cyprus a private bailout plan of its own, proposing to lend money in exchange for rights to offshore gas deposits in the Mediterranean Sea, the New York Times reports.

Cyprus’ gas reserves appear to be promising, yet undeveloped so far. Cypriot gas fields lie next to similar gas deposits recently found off the coast of Israel.