Banks and firms around the world are struggling and governments are coming up with rescue funds to help these in trouble. Island, so far the only state in need of several billion to keep up its economy. Interestingly enough many states around Africa and some in South America have been in trouble over the years with many people dying and nobody could care less. Island has been a rich country over the last years and now Russia, UK and Norway are all fighting to help them out. The reasons being for Norway and the UK to help are because of citizens having hidden away funds in Island to enable them to get their money back.
Sounds nice nut controversial in days where offshore regions are under attack. Also it is interesting that Russia is interested in helping but over the last weeks was unable to negotiate terms of helping Island out.
I believe the real reason for Russia wanting to help is political. Over the recent years, since the second half of Putin's presidency political tension between the US and Russia have grown. If Russia was to help Island I would expect them to demand some benefit towards them, which could for example be, allowing Russia to locate military equipment within Island. If such was the case, it would make a lot more sense for Norway as well as the UK to help out instead to avoid such a political move.
Maybe everybody just wants to be nice and helpful, but these days everybody wants to get something out of taking a risk and it sounds strange that the UK is willing to lend Island with £3 billion to help British citizens get their money back quicker.
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