Russia Talks Looking Beyond Loan Extension Cyprus

Wednesday 20th March, 2013

Cyprus’s finance minister, Michal Sarris, has told CNBC that Russia has been very supportive about the terms of the 2.5 billion euro ($3.2 billion) loan that Cyprus has already received from Russia and that talks were now “looking beyond that,” adding to speculation that Russia could come to Cyprus’s financial aid. “We had a very good first meeting, very constructive and very honest discussion. We underscored how difficult the situation is and we will now continue our discussions to find a solution by which we hope we will be getting some support from Russia,” Sarris told CNBC in Moscow. Asked…

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