If you want to know why the EU is nervous about Cyprus negotiating with  Russia for a bailout, look  no further than this Ekathimerini report on the status of negotiations  between the two countries.

It is likely the Russians will ask for some form  of compensation for such an investment. A naval port in Cyprus for the  Russian fleet and access to the country’s natural gas reserves are  among the rewards Moscow might seek.

Future gas reserves are one thing. A naval port? Now that gets  interesting.

Kathimerini