Thursday, March 28, 2013

Russia ready to discuss Cyprus' terms of restructuring loan - finance ...

0"We are ready to discuss the parameters [of restructuring the loan: extending the period up to five years and reducing the rate from 4.5% to 2.5%]," Siluanov said, noting that this will be equal to signing off 10% of the debt.

0Siluanov said earlier that that? Russia and Cyprus will resume? the talks on loan after the Cypress parliament adopts a package of? measures that allow the island to receive financial aid from the European Union.

0Russian presidential? spokesman? Dmitry Peskov? said? earlier? that President Vladimir Putin ordered the government and the Finance Ministry to work out together? with Cypriot partners? terms of restructuring? the loan given to Cyprus.

0Voice of Russia, Interfax

Source: http://english.ruvr.ru/2013_03_26/Russia-ready-to-discuss-Cyprus-terms-of-restructuring-loan-finance-minister/

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