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Cyprus and Russia resumed talks Thursday to strike a deal that could include cooperation on banking and natural gas reserves, the Cypriot finance minister told Reuters agency. Finance Minister Michael Sarris said that natural gas reserves from offshore fields surrounding Cyprus that have yet to be developed could be offered as part of the agreement. Any deal with Moscow should be in Russia's best interests too, he said. Sarris extended a stay in Moscow, where Russian officials said he asked for a further 5 billion euros on top of a five-year extension and lower interest on an existing 2.5-billion euro loan from Moscow. Meanwhile back in Cyprus, talks among the political leadership in Nicosia are set to resume on Thursday after late-night meetings to discuss a "Plan B" broke up on Wednesday without result. Cyprus considered nationalizing pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European U

World powers began talks with Iran on its nuclear programme inside the Kazakh city of Almaty on Tuesday, in a fresh make an effort to resolve a decade-old standoff that threatens the very center East with a new war. It is "not clear the length of time the session go, (we) will advise even as we go," said the Western official, confirming the beginning of the talks at the Rixos hotel inside the city The six - United states of america, Russia, China, Britain, Germany and France - are expected to provide Tehran some sanctions relief when it curbs work that they suspect is to produce material for nuclear weapons, although Iran denies this. No breakthrough is expected at the talks, the 1st such meeting in eight months, but diplomats an answer to a legal contract to carry further talks soon on how to implement steps to ease the tension.