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Russia says Greece didn't ask for help

Wednesday, April 08, 2015 - 01:34

Greek Prime Minister Alexis Tsipras did not ask for financial aid at talks in Moscow but Russia could provide credits for large joint projects in the future, President Vladimir Putin says. Ciara Lee reports.

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It's the meeting that raised eyebrows in Brussels. And now Russian President Vladimir Putin says business with Greece could be open. (SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING: "The Greek side has not addressed us with any requests for aid. We discussed cooperation in various sectors of the economy, including the possibility of developing major energy projects". Russia says it could provide credit for joint projects with Greece in the future. Greece would then pay back any loans from profits made, with privatisation deals in Greece being of particular interest to Moscow. Putin said the pair also discussed Greece's possible participation in the Turkish Stream pipeline project. Greek Prime Minister Alexis Tsipras has denied he's turning to Russia for financial assistance. Schroders' Azad Zangana. (SOUNDBITE) (English) AZAD ZANGANA,SENIOR EUROPEAN ECONOMIST AND STRATEGIST AT SCHRODERS, SAYING: "I think Greece is trying to use the relationship with Russia as a bargaining chip with the rest of the European Union. And they are hoping that the European Union would rather bail Greece out in the near term to avoid a solidifying of that relationship with Russia going forward." The European Parliament has warned Tsipras not to break from the EU line on sanctions towards Russia over its role in the Ukraine crisis. Greece's debt crisis continues to dog the new government which promised an end to austerity. Athens has promised to make a 450 million euro payment to the IMF on Thursday, but is fast running out of money. It cannot access new bailout money until creditors agree to a package of reforms.

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Russia says Greece didn't ask for help

Wednesday, April 08, 2015 - 01:34