Russian athletes must be trained for Olympics under certain geographic conditions — PutinSport May 23, 19:38
Final charges brought against Russian ex-economy minister UlyukayevBusiness & Economy May 23, 18:59
WADA delegation to visit Moscow this week to help with membership reinstatementSport May 23, 18:48
US President Donald Trump's first trip abroadWorld May 23, 18:41
Russian scientists master stimulating neurons with infrared irradiationScience & Space May 23, 18:37
Global research team cracks bacteria transmission codes to combat drug-resistant strainsScience & Space May 23, 17:44
Ukrainian politician warns imposing TV language quotas may deepen rift in societyWorld May 23, 17:06
Russia to host 2017, 2018 FIFA Cups at highest possible level — Putin to InfantinoSport May 23, 16:32
Russian rotocraft producer and Gazprom to modify helicopters for offshore deposit projectsBusiness & Economy May 23, 16:21
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.