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The Gazprom story has now been denied by Gazprom.

ITAR-TASS: Gazprombank initiates Cyprus restructuring plan - Gazprom (18/03/2013)

Russia's Gazprom has not offered the Republic of Cyprus financial assistance in restructuring the country's banks in exchange for the right to gas production in the exclusive economic zone of Cyprus. Gazprombank initiated this offer, a spokesman for the gas giant told Tass.

Itar-Tass has failed to get an immediate commentary from Gazprombank as of yet.

Cypriot Sigma TV reported on Monday that Gazprom had offered a plan, in which the company will undertake the restructuring of the country's banks in exchange for exploration rights for gas in Cyprus' exclusive economic zone.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Mar 18th, 2013 at 01:06:20 PM EST
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Went on a google-search to find the relationship between Gazprom and Gazprombank. It appears to be complicated.

How Gazprom lost control of Gazprombank - FT.com

By 2008, Gazprom had relinquished its majority on the Gazprombank board. Today, Gazfond's Yuri Shamalov, as well as Anatoly Gavrilenko, head of Lider, are both on the board. So too is the head of Sogaz - Sergei Ivanov junior, son of deputy prime minister Sergei Ivanov, a close Putin ally and former KGB colleague.

I would say that in one way Gazprombank is still Gazprom's bank, in another they are both part of the ruling network in Russia. Anyway, if an offer was made it has to have the support of the Russian government, and thus it does not matter which corporation it was.

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by A swedish kind of death on Mon Mar 18th, 2013 at 03:21:44 PM EST
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