Large loan from Russia delivered to Cyprus

On Thursday the Cypriot Finance Ministry reported that Cyprus got a 1,32-billion-euro tranche of the Russian loan.

Earlier, Cyprus and Russia agreed that Moscow would grant a 2,5-billion-euro loan to Cyprus to help it grapple with its fiscal woes.

Cyprus Finance Minister Kikis Kazamias said that under the agreement, the last tranche of the 590 million euros pledged is due to be granted before April 1, 2012.


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