Ambassador meets Luxembourg Finance Minister Luc Frieden

Russian Ambassador Mark Entin met with Luc Frieden, Luxembourg Finance Minister. They had a frank talk about the results of the negotiations of the European Union leaders, “troika” and the Eurogroup with Cyprus government concerning the financial aid to the island and the conditions for its allocation.

Luc Friedens shared his opinion on the Eurogroup’s decision on Cyprus taken on March 25. He characterized it as an absolutely necessary, although not an ideal one. The minister stressed that this decision did not create a precedent. It was taken due to the unique character of the Cypriot economy and the difficult situation in which Cyprus is now.

The interlocutors also discussed the reaction of Moscow on the negotiations and their results, as well as the probable consequences of the Eurogroup’s decision for business in various eurozone countries and the European Union as a whole.