Azerbaijan’s security officers kill attempted suicide bomber in BakuWorld December 03, 18:04
Lavrov: first step under 1956 declaration on peace treaty is signing of itRussian Politics & Diplomacy December 03, 14:47
Bank of Russia disclaims reports hackers steal 2B rubles from its correspondent accountsBusiness & Economy December 03, 14:42
Moscow sees nothing new in Congress banning cooperation between military of two countriesRussian Politics & Diplomacy December 03, 14:41
Lavrov: joint projects with Japan to bring relations to new levelRussian Politics & Diplomacy December 03, 12:29
Defense ministry says Russia delivers humanitarian aid to Aleppo daily 'unlike UK'World December 03, 7:29
Foreign ministers of Russia, Japan will discuss Putin’s upcoming visit to TokyoRussian Politics & Diplomacy December 03, 3:37
President of Luxembourg Forum welcomes Russia’s attention to threat of nuclear terrorismWorld December 03, 3:11
Presidential polls to determine vector for Uzbekistan’s further development — CEC chairmanWorld December 03, 2:44
WASHINGTON, May 10 (Itar-Tass) - Russia has agreed to extend the loan earlier issued to Cyprus, its Foreign Minister Ioannis Kasoulides said.
He noted that Germany had earlier requested Russia’s participation in the resolution of Cyprus’ financial problems. "And you remember, Berlin was asking for Russian participation (in Cyprus’ problems),” Kasoulides said after a talk at the Brookings Institution think tank in Washington. “And their participation is to prolong the debt,” he added.
The 2.5 billion euro loan was issued in 2011 for 4.5 years at 5 percent per annum. Several days ago the Cyprus Ministry of Finance sent a letter to the Russian government, asking it to extend the terms of the loan and lower the interest rate to 2.5 percent. Nicosia is planning to make payments in several portions.
In April, Russian Finance Minister Anton Siluanov said in Washington that “Russia would like to consider participation in the Cyprus talk on a permanent basis.”
“Since we are a creditor and we have agreed to improve the terms of loan repayment, we would like to get support for our proposals on the resolution of Cyprus’ problems,” the minister said.