Global Insider: Russia’s Ties to Cyprus’ Banking Sector Run Deep

The government of Cyprus is seeking a new, multibillion dollar bailout from Russia, which said last month that it would only grant additional loans in coordination with the European Union. In an email interview, Andreas Stergiou, a lecturer in modern European history and politics at the University of Crete, discussed Russian-Cypriot relations. WPR: What is the recent history of Russia-Cyprus relations, and what has driven ties on both sides? Andreas Stergiou: Cyprus’ position at the crossroads of three continents has historically lent strategic importance to the island. As a result, Soviet and postcommunist Russia have maintained a consistent policy of […]

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