German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
Modernizing Foreign Ministry's public image was a challenge — Spokeswoman ZakharovaSociety & Culture August 18, 22:24
NICOSIA, October 6 (Itar-Tass) — Government of Cyprus on Wednesday endorsed the terms of a laon that Russia will issue to the Republic of Cyprus shortly, Stefanos Stefanou, the government's official spokesman said.
The cabinet of ministers instructed the Ministry of Finance to take all the steps towards effectuating the agreement on both sides as early as possible, he said.
Russia is issuing a loan of 2.5 billion euros maturing in four and a half years and paying an interest of 4.5% annual. Along with this, the Cypriot government will have an opportunity of an early repayment without any sanctions.
The implementation of this agreement will help the republic to cover short-term and medium-term financial needs and will be combined with the government's own measures to ensure financial stability, Stefanou said.
It will help Cyprus restore credibility among foreign investors, he said, adding that the authoriities voice gratitude to Russia for the decision to issue the loan.