Cyprus in line for $6.2 billion loan from Russia
Cyprus could soon get a multibillion euro loan from Russia to help clean
up its troubled balance sheet, Dow Jones Newswires reports. The divided
island nation may also get funding from both Europe and a separate
sovereign state, the wire service noted. According to local media
reports, Cyprus wants Russia to lend it five billion euros ($6.2
billion), a sum that amounts to more than a quarter of annual gross
domestic product. Last year, the country got a 2.5 billion euro loan
from Russia that helped it avoid a wider bailout.
Stick and SAVE!
No comments:
Post a Comment