Russia said to have rejected all of Cyprus govt proposals; Only discussing the extension of maturity of the current loan** NOTE earlier: (CY) Russia Deputy Econ Min Klepach: Cyprus situation unlikely to be resolved anytime soon and will have serious consequences. – Earlier reports said Russia was in discussions on possible role in a Cyprus investment fund. Other reports in the last few days said Cyprus was pitching various plans to Russia that would involve exchanging energy development rights for more aid.
Just in case S&P further downgraded Cyprus.
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