Cyprus Finance Minister Michalis Sarris is expected to have talks with his Russian counterpart Anton Siluanov Monday, a person familiar with the matter said Wednesday.
Cyprus Finance Minister Michalis Sarris is expected to have talks with
his Russian counterpart Anton Siluanov Monday, a person familiar with the
matter said Wednesday.
Indebted
Cyprus
has
long been trying to get
Russia
to
agree to a five-year extension on its repayment of a 2.5 billion euro ($3.26
billion) loan from 2011. However
Russia
has
so far refused to give any guarantees on the extension, as well as on an EUR5
billion loan
Cyprus
had
asked for earlier.
Cyprus
expects
Russia
to
provide help because many investors and depositors in
Cyprus
banks
are Russian.
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