Russian Finance Minister Says Unaware Of Cyprus Asking For Early Debt Repayment To Russia

Sumaira FH Published April 24, 2019 | 07:22 PM

Cyprus has not asked Russia for an early repayment of its debt, Russian Finance Minister Anton Siluanov told reporters on Wednesday

ST. PETERSBURG (UrduPoint News / Sputnik - 24th April, 2019) Cyprus has not asked Russia for an early repayment of its debt, Russian Finance Minister Anton Siluanov told reporters on Wednesday.

Last week, the Kathimerini newspaper reported, citing Finance Minister of Cyprus Harris Georgiades, that Nicosia was studying the possibility of issuing new bonds in order to pay the debt earlier than required.

"No, I do not know anything about that," Siluanov said, answering a question on whether Cyprus was going to repay its debt ahead of the schedule.

Cyprus took a 2.5 billion euro ($2.8 billion) Russian loan in 2011 amid an economic crisis in the island country. The loan's repayment period will expire in 2021.