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Cyprus FinMin heading to Russia for loan talks

Reports are emerging that Cyprus finance minister has scheduled a visit with his Russia counter-part in Moscow in order to discuss an existing 2.5 billion euros loan that Moscow approved to Nicosia back in 2011 at a rate of 4.5%. The main aim is to figure out a way to either lower that rate or extend the loan's expiration date until 2020 from 2016.
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