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Does "pressing for stakes" mean "urgently needing the share/benefits"?

 
 
Reply Wed 20 Mar, 2013 10:57 pm

Context:

Cyprus debt crisis: banks to stay shut into next week
Ministers continue negotiations as suspicions grow that Kremlin is pressing for stakes in gas fields
Cypriot minister to stay in Russia 'as long as it
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Type: Question • Score: 3 • Views: 505 • Replies: 5
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View best answer, chosen by oristarA
roger
 
  1  
Reply Wed 20 Mar, 2013 11:39 pm
@oristarA,
Used this way, it means the Kremlin is pressing for a percentage of ownership. Possibly, the phrase could be stretched to mean influence instead of ownership.
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Ceili
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Reply Thu 21 Mar, 2013 12:08 am
@oristarA,
Pressing can mean urgently but in this case it means pressure. The suspicion is that Russia is putting pressure on something to gain stakes, shares, a piece of the action, in the some gas fields somewhere and this is somehow putting pressure on Cyprus, one would imagine.
InfraBlue
 
  1  
Reply Thu 21 Mar, 2013 09:47 am
@Ceili,
Yeah, they've found natural gas fields in offshore Cypriot territory and Russia wants in on the action in exchange for financial aid for Cyprus' economic crisis.

http://www.guardian.co.uk/world/2013/mar/20/cyprus-keeps-banks-closed-talks-continue
PUNKEY
 
  1  
Reply Thu 21 Mar, 2013 10:29 am
"getting a stake" in a business or venture is getting part of the action.

The Kremlin is aggressively making the moves (loans, aid, etc) to get a part of the action . .
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Ceili
 
  1  
Reply Thu 21 Mar, 2013 06:57 pm
@InfraBlue,
Thanks, I did read about it later. Terrible situation, really.
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