Government starts repaying €2.5bn Russian loan

Click For Larger Image & Read More
Government starts repaying €2.5bn Russian loan
 © BusinessMail 2018
By Stelios Orphanides

Cyprus last week paid 312.5m to the Russian Federation as a first instalment of a €2.5bn loan agreed more than six years ago and restructured in 2013, a finance ministry source said.

The loan, agreed in late 2011 by the government of former president Demetris Christofias, which lost access to financial markets and was trying to avoid requesting a bailout from the European Union and the International Monetary Fund (IMF), will be repaid in eight biannual instalments of €312.5m. The next payment is scheduled in September.

The Russian loan...


This article was automatically added to our system 8-3-2018

Government starts repaying €2.5bn Russian loan


The contents of this article including any associated images are © BusinessMail 2018
Views & opinions expressed in this article are those of the author and/or BusinessMail .

  • Click Here
Advertise Here

Trending Cyprus News

  • Click Here
Advertise Here

Article Tags: government, starts, repaying, russian,

 

24hr News