Greece did not ask for Russian aid - Putin

Russia is capable of supporting foreign states but has not received any financial aid request from Greece, Russian President Vladimir Putin said.

Russia is capable of supporting foreign states but has not received any financial aid request from Greece, Russian President Vladimir Putin said.

"Russia can of course provide support to its partners despite the difficulties Russia itself is experiencing today. The basic fundamentals of our economic existence today are such as to enable us to do so. In fact, we are helping certain countries," Putin told a press conference in Ufa on July.

"Greece and Russia have a special relationship of spiritual kinship, religious community. But Greece is an EU country, and as part of its obligations, it is in a complicated negotiating process with its EU partners. Mr [Alexis] Tsipras has not asked us for any aid. Which is understandable, because the [debt] figure there is big," Putin said.

"Fundamental decisions must be made, and the issue is not even about money, the issue is about principles of economic development and principles of problem-solving with one's partners in the short-term perspective," he said, saying that he hopes a deal will be reached soon.

The responsibility for the scale of the Greek problem should also be shared by the whole European Union, the Russian president said.

"Of course, one can blame the Greeks for everything, but if the violations really took place, where was the European Commission, why did it fail to make adjustments for the policies of the former government, why did they hand out such loans, why did they allow keeping such a low profile on taxation, why were subsidies for islands so big? Where have they been? There is something to talk about, let alone argue about," Putin said.

"When one strong currency exists for a whole host of countries with various economies, a country loses the ability to regulate both its finances and economic state through currency mechanisms. Greece cannot devalue the euro, it does not have that tool, nor the possibility to attract more tourists. It has to limit itself in agricultural product outputs. There are limitations, but also pluses that are to do with receiving preferential loans. This is a sovereign choice of the Greek leaders of the Greek people," Putin said.

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