Putin praises Army-2017 international military forumMilitary & Defense August 22, 14:15
Belarus invites Ukraine and NATO to monitor West-2017 military drillsMilitary & Defense August 22, 13:55
Russia may develop seven-tonne remote-controlled convertiplaneMilitary & Defense August 22, 13:53
Deliveries of Mi-28NM helicopters may start in 2018Military & Defense August 22, 13:39
Press review: US Embassy's seismic visa shift and Iraq mops up Islamic StatePress Review August 22, 13:00
Russia to grant $700 mln loan to BelarusBusiness & Economy August 22, 12:58
Russia’s Aerospace Force to get eight Mi-28UB helicopters by year-endMilitary & Defense August 22, 12:44
Ka-52 helicopter to be armed with new defense systemMilitary & Defense August 22, 12:00
Rostov-on-Don inferno claims life of one victimSociety & Culture August 22, 11:41
MOSCOW, February 24. /TASS/. Cyprus won’t need another restructuring on the loan it received from Russia and will meet its obligations on time, Georgios Kasoulides, ambassador of the Republic of Cyprus to Russia said in an interview with TASS.
In 2011, Russia lent Cyprus €2.5 billion for five years, with an annual interest rate of 4.5%. In 2013, amid the economic crisis, Cyprus’ government asked Moscow to restructure the loan. Russia agreed to extend the maturity until 2021 and to cut interest rate to 2.5%
In an interview with TASS, the ambassador also said that Cyprus welcomes new airline companies on its market including Russian ones.
In January, Cyprus closed down its flag carrier Cyprus Airways after the European Commission ordered the struggling airline to pay back more than €65 million in illegal state aid.