Nauru, a South Pacific island nation with 14,000 citizens, is ready to recognize breakaway Georgian provinces Abkhazia and South Ossetia as sovereign states. In turn, Nauru requests from Russia financial aid in the amount of $50 mln. Abkhazia and South Ossetia have been recognized only by Russia, Nicaragua, and Venezuela.
http://www.kommersant.ru/doc.aspx?DocsID=1292387&NodesID=5
Update of 16 Dec. 2009: Diplomatic relations with Nauru established
http://lenta.ru/news/2009/12/16/nauru/
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