Russia’s prime minister says Moscow will only help Cyprus out financially if the country’s new money-raising measures get the backing of the European Union.

Dmitry Medvedev said Friday that Russia “hasn’t closed the door, hasn’t said ‘no'” to Cyprus.

His comments come after Cyprus’ finance minister left the Russian capital without a hoped-for deal.

Cypriot authorities are putting the final touches to a plan they hope will convince international lenders, including its European partners, to provide bailout money to avoid a bankruptcy within days.

Cyprus has until Monday to secure a deal after the European Central Bank warned it would stop providing the country’s banks with liquidity on that day if no package is agreed.

Russians have big bank deposits in Cyprus.

Cyprus Weekly

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