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Russian firms not interested in gas offer by Greek Cyprus

Russian oil and natural gas companies "Gazprom" and "Rosneft" have rejected Greek Cypriot administration's proposal about buying the bonds which belong to the natural gas reserves that fall within the boundaries of the disputed area with the Turkish Republic of Northern Cyprus (TRNC). The proposal Greek Cypriot Finance Minister Michael Sarris made to solve the economic crisis was not accepted and no result has come out, said an official from the Russian Ministry of Energy. The official said that Gazprom and Rosneft did not have interest in the offer the Greek Cypriot administration put forth. The Greek Cypriots had proposed Russia to buy the bonds of the natural gas reserves which were within the disputed area with TRNC. Russian Finance Minister Anton Siluanov confirmed the negotiations with his Greek Cypriot counterpart Sarris had come to an end and that the Greek Cypriot proposal had not attracted the Russian companies' attention. Siluanov said the decision whether Russia would join the structuring of the Greek Cypriot administration's loans would be given after the "Troika" meetings.

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