Russian President Vladimir Putin said his country could provide support to Cyprus as part of an international bailout for the indebted island, but only after euro zone countries have defined the terms of their assistance.
"We do not see it as comfortable for ourselves to meddle in this process. But, if... agreement is reached, we do not rule out the possibility to join in with the stabilisation of Cyprus' financial (position)," Putin told reporters in Brussels following an EU-Russia summit.
President Demetris Christofias has already ruled out the possibility of a “haircut” on the Cyprus debt. Asked to comment on reports that the IMF is considering a Cyprus debt write-off, the President said that a “haircut” would require the consent of the 27 EU member states.