— This is the script of CNBC's news report for China's CCTV on April 9, Thursday.
Welcome to CNBC Business Daily, I'm Qian Chen.
Greece sold over a billion euros worth of short-term treasury bills Wednesday in a bid to scrape together enough cash to meet is debt repayment deadlines.
From Russia to Greece with LOVE, but no MONEY.
Russia is considering soon giving Greece funds based on future profits Athens would earn from shipping Russian gas to Europe as part of an extension of the Turkish Stream gas pipeline project, a Greek government official said.
Plans for the pipeline taking Russian gas from Turkey to Europe via Greece would be linked to lower Russian gas prices, the official added.
However, more payments are to be due soon, until the big due date coming...June 20.
Analyst told CNBC this meeting is more about sending a signal to the Europe.
12:44:50Greece is to default, almost certainly, and the only issue, is when. I think a large portion of the markets agree with that position. Any filling in Russia's shoes at this point, especially given that economic concerns Russia itself faces, I don't think Russia wants to run in any risks that try to bailout Greece at this time. Russia is contrained too at this time. 12:45:22 (jump to) 12:48:10 I think the meeting between Greece and Russia is more about sending a signal, to the world, but to Europe particular that Greece still has friends. 12:48:19
Any deal would raise eyebrows in Europe, however, as it could potentially prompt Greece to undermine European sanctions placed on Russia for its annexation of Crimea and role in the conflict in Ukraine.
And the next deadline to watch is April 24, as Varoufakis sets that date for reaching an outline funding agreement with Greece's lenders at a meeting of euro zone finance ministers.
CNBC's Qian Chen, reporting from Singapore.