Cyprus began its 1st EU rotating Presidency on Sunday only days after it formally requested European financial aid. As the 5th eurozone country to ask for a bailout, Cyprus banks are hugely exposed to the Greek crisis.
Cypriot officials said on Monday that the bailout request will not affect their management of Europe's agenda.
As Cyprus holds talks with Brussels, it might also seek help elsewhere. Nicosia held discussions with Russia to get a bilateral loan of up to 6 billion euros. Already in 2011, Russia lent the Cypriot government over 2 billions euros.