Russia's OAO Gazprombank (GZPR.RS) is not in talks about providing financial aid to Cyprus, a spokesman for the bank said Wednesday.
Russia
's OAO
Gazprombank (GZPR.RS) is not in talks about providing financial aid to
Cyprus
, a
spokesman for the bank said Wednesday.
"Gazprombank is not in negotiations on participation in the stabilization
of
Cyprus
's
financial system," spokesman Andrei Serov said, in comments emailed to Dow
Jones Newswires.
Russian media cited unnamed sources as saying Gazprombank has offered to
provide a multibillion-dollar loan to
Cyprus
in
return for offshore natural gas exploration licenses. Gazprombank is part owned
by state natural gas giant OAO Gazprom (GAZP.RS)
Cypriot Finance Minister Michalis Sarris is in
Moscow
Wednesday for talks on financial support from
Russia
, a
longtime friend of the country and the largest source of foreign deposits in
its banks.
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