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"Their suggestions were: to create a state-owned company with the transfer of assets of gas fields and offer Russian investors enter, buy bonds with a subsequent participation in shares."
"Our investors considered the issue, but they did not show interest."
Turkish authorities said they'll challenge unilateral Cypriot efforts to sell gas field rights. An official source said:
"This resource belongs to two communities, and the future of this resource can not be a subject of personal solutions made in southern Cyprus."
"We can act against such initiatives when necessary."
"The exclusive use of that resource by southern Cyprus is out of the question".It's unacceptable."
Resources are an estimated 1.7 trillion cubic meters. They're worth over 800 billion euros.
Late Friday, the Financial Times headlined "Cyprus runs out of bailout options," saying:
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