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Cyprus is said to be so high on Russia's priority list that President Putin himself is currently dealing with the €4bn loan request from Nicosia. The financial risk for the Russians is limited. There is every chance that Cyprus will be able to repay their bilateral loans fairly soon. Nicosia hopes to start exploiting the huge gas reserves off the Cypriotic coast in the coming decade. With Russian help, it might even be able to exploit these gas fields within the next five years.
Russia undoubtedly has strategic interests when offering financial support to debt-ridden Europe. Many will lose through the eurocrisis, but Russia will not be among them. So far, Brussels has not turned to Moscow for help -- yet. But if the situation deteriorates, that soon might be the case.
Anatolia News Agency cited a Cypriot official as saying that Netanyahu offered to build a gas terminal for Cyprus on condition that all 10,000 construction workers be Israeli citizens and that 20,000 Israeli "commandos" be deployed to protect the workers and the terminal.
AFP reports that Israel and Cyprus have signed an accord Sunday to lay an underwater electricity cable between the two countries. It's the first...
Relations between Cyprus and Israel have been intensifying since Israel's fallout with its former regional ally and Cyprus' adversary, Turkey.
Cyprus is about half the size of today’s Palestine and is mainly mountainous. A smaller chain of mountains stretches along the north coast; the main mountain range in the southwest of the island reaches to more than 2,000 meters above sea level and is covered with various species of pine trees. Between these two mountain ranges lies a high plateau with only minor changes in elevation, and makes up about a third of the island’s total surface.
Famagusta, Cyprus: The ghost town lies near the very center of the city, just outside the Venetian walls. It is home only to snakes, scorpions, and rats of a hundred varieties. Signs on the fences around the ghost town show armed Turkish soldiers threatening those taking photographs with arrest or worse. The crumbling buildings inside the perimeter are frozen in time in 1974, as if in an episode of "The Twilight Zone."
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