“Russia has made no decision yet on whether to extend the duration or ease the terms of a sovereign loan to Cyprus, a government source told Reuters on Monday. European Union officials, who over the weekend agreed a 10 billion euro bailout for the Mediterranean island, have said they expect Russia to extend its 2.5 billion euro ($3.27 billion) loan by five years, until 2021, and refinance terms. The involvement of any Russian investors – private or state – in recapitalization of the island’s struggling banks is still a matter of talks, the government source said.”
http://www.reuters.com/article/2013/03/18/us-russia-cyprus-loan-idUSBRE92H06020130318
Related posts:
How the U.S. got mixed up in a fight over Kurdish oil
Andorra bows to EU pressure to introduce first-ever income tax
Japanese cult fugitive given runaround as he tried to surrender [2012]
American Citizens: U.S. Border Agents Can Search Your Cellphone
Feds to Bal Harbour: Hand over seized drug loot
Kim Dvorak: "Mercedes Says Their Cars Just Don't Blow Up!"
Greece passes more spending cuts, tax hikes after third EU bailout
No-Fly List Strands Man In Hawaii
SEC Proposes Crowdfunding Rules, But...
Study: At least 4.1% of U.S. death row defendants are innocent
Gun Bill in Missouri Would Test Limits in Nullifying U.S. Law
Another shelter for warehoused immigrant children is planned for Houston
New surveillance technology tracks everyone in an area for hours
More Small Businesses Embrace Bitcoin
Wikileaks release of TPP deal text stokes 'freedom of expression' fears