Greece crisis: Alexis Tsipras meets Vladimir Putin in Moscow

Greece’s PM Alexis Tsipras has arrived in Moscow for talks with President Vladimir Putin, as his country struggles with a debt crisis.

Alexis Tsipras will also meet Russian PM Dmitry Medvedev on April 9.

Greece is embroiled in negotiations with the EU and IMF to unblock a bailout package and could run out of funds within weeks.

Greek officials have previously pointed to Russia as a possible alternative source of financial assistance.

Analysts say Russia’s own economic woes mean any help would be limited.

“Russia is not and cannot be a (EU) substitute for Greece, it can only be a supplementary option,” said Constantinos Filis from the Institute of International Relations.

Alexis Tsipras and Vladimir Putin are expected to discuss ties between the EU and Russia, which were badly strained by the Ukraine crisis.

Before his arrival, Alexis Tsipras described the sanctions imposed by the EU and US on Russia in the wake of its annexation of the Crimea as “a road to nowhere”.

The European Parliament President, Martin Schulz, said Alexis Tsipras should not break with the EU line on sanctions.

“Greece demands and gets a lot of solidarity from the EU. We can therefore also ask for solidarity from Greece and for this solidarity not to be ended unilaterally by pulling out of joint measures,” he told a regional German newspaper, the Muenchner Merkur.

Russia imposed a ban on many western food imports in retaliation, but Agriculture Minister Nikolai Fyodorov has said the government could consider removing three countries, including Greece, from the embargo, Russian state media reported.

Alexis Tsipras came to power pledging to end austerity, but his plans have met resistance from Greece’s EU/IMF creditors, who lent the country billions to help it avoid bankruptcy.

Greece has not received bailout funds since August 2014, with the EU and IMF dissatisfied with the pace of Greek reforms.

A Greek repayment of €448 million ($483 million) to the IMF is due on April 9.

On April 7, the Greek government said Germany owed Greece nearly €279 billion ($303 billion) in war reparations for the Nazi occupation during World War Two.

qTaw8RpUaTA
Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Spain: At Least 158 Killed In The Country’s Worst Flooding Disaster

At least 158 people have died in Spain's worst flooding disaster in generations. On October…

2 days ago

Russia Fines Google $20,000,000,000,000,000,000,000,000,000,000,000, Surpassing Global GDP

Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…

2 days ago

Financing Your Home Remodel: 7 Tips for Success

Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…

2 weeks ago

Donald Trump Serves Up McDonald’s Fries While Kamala Harris Celebrates 60th Birthday with Church Choir

The US presidential candidates continued to campaign across key swing states on October 20. Footage…

2 weeks ago

America PAC: Elon Musk Promises to Award $1M Each Day to Swing States Voters

Elon Musk has said he will give away $1 million a day to a registered…

2 weeks ago

Canada Expels 6 Indian Diplomats Amid Khalistan Row

India and Canada have decided to expel their top envoys along with other diplomats as…

3 weeks ago