Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
Rosneft and RBC media holding settle on defamation lawsuitBusiness & Economy June 26, 17:21
Elated football fans gearing up for exciting matches at 2017 FIFA Confederations CupSport June 26, 16:55
Russia to float out first modernized nuclear submarine in AugustMilitary & Defense June 26, 16:54
NOCOSIA, May 8 (Itar-Tass) - Cyprus’s Finance Ministry has asked the Russian government for reconsidering the terms of the Russian loan issued at the end of 2011, the ministry’s official has told Itar-Tass on the condition of anonymity.
In the message sent through diplomatic channels the Cypriot Finance Ministry notifies the Russian leadership of completing the ratification of the memorandum on the terms of the anti-crisis program for Cyprus launched by the troika of international creditors (European Commission, the European Central Bank and the International Monetary Fund) and also of the 10-billion-euro credit agreement with them.
The source said the document contained a request addressed to Moscow for launching negotiations on a revision of the 2.5-billion-euro loan Russia extended to Cyprus for 4.5 years at an interest rate of 4.5 percent. The possibility of reconsidering that inter-governmental agreement was repeatedly discussed in the context of drafting the EU-IMF anti-crisis program for Cyprus. Russian President Vladimir Putin instructed the government back last March to look into the possibility of rescheduling that loan.
Russia has said more than once that it might join the efforts to extend assistance to Cyprus only after Nicosia had agreed an anti-crisis program with its EU partners.
Cyprus has asked Russia to lower the interest rate to 2.5 percent and also to extend the repayment period. Also, Nicosia would like to make payments by installments.
The Cypriot Finance Ministry official said his country hoped for a positive solution. He also dismissed last week’s mass media reports Russia had allegedly agreed to loan rescheduling.