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situation report

Jan 30, 2013 | 10:38 GMT

1 min read

Cyprus: Russia Has Guaranteed Bailout Participation, Cypriot President Says

Russia has offered assurances that it will assist in any EU bailout of Cyprus, Cypriot President Demetris Christofias said Jan. 30, Reuters reported. Christofias said he received the assurances during a phone conversation with Russian President Vladimir Putin on Jan. 29. The fate of Cyprus' financial bailout is creating growing tensions within the European Union.

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