News Headline Summary

Cypriot finance minister says expects Russia to expend EUR 2.5bln loan to 2022

Says:
- We aren't seeking favours from the EU, just a loan.
- Finances can get boost from natural gas resources.
- Hopes to extend maturity of the Russian loan from 2016.

Update details:

- Russia said yesterday it is prepared to contribute towards Cyprus’ bailout, along with the European Union.

Print 10:42, 31 Jan 2013 - Economic commentary - Source: Newswires