Support The Moscow Times!

No Progress on Cyprus Loan

Russia and Cyprus have made no headway on a 5 billion euro loan from Moscow to the crisis-stricken country, Interfax quoted Finance Minister Anton Siluanov as saying Tuesday.

"We're working on the issue, but so far there has been no progress," Siluanov was reported as saying.

Russia said last month that it would only grant a bailout loan to Cyprus as part of a coordinated rescue with the European Union for the Mediterranean island state, which it said was seeking a total of 20 billion euros ($25.7 billion) in aid.

Cyprus has not confirmed how big of a bailout it is seeking but said on Monday it plans final talks on a comprehensive aid package for the island with international leaders.

(Reuters)

Related articles:

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more