Russia restructures 2.5 billion euro loan to Cyprus (sinaEnglish)
NICOSIA, Aug. 30 (Xinhua) — Russia announced it has agreed to restructure its 2.5 billion euro loan to Cyprus, the state owned Cyprus News Agency said in a report on Friday.
The agency quoted Russian Deputy Finance Minister Sergei Anatolievitch Storchak as saying that after months of consultations, Moscow has consented to new milder terms for the repayment of the loan.
He said the loan will be repaid in 8 six-monthly installments starting in 2016.
The loan, which was obtained by Cyprus in December 2011, was to mature in 4.5 years and would be repaid in a single installment.
Storchak also said that interest on the loan will be reduced to 2.5 percent down from 4.5 percent.
Then the Cyprus Mail runs thie headline “‘We will not be used as a launching pad for Syria attack’”
By Stefanos Evripidou
CYPRUS cannot be used as a launching pad for attacks on Syria while at the same time offering its services as a shelter of stability and security for fleeing foreign nationals, said Foreign Minister Ioannis Kasoulides yesterday.
Speaking at a press briefing, Kasoulides said he has been given assurances that Cyprus will not be used as a launching pad for possible attacks against the Syrian government in response to the alleged use of chemical weapons against civilians near Damascus.
At the same time, he said: “Cyprus as a country of stability, peace and security is ready to undertake the responsibility of acting as a shelter in the evacuation of foreign nationals of friendly countries from the Middle East region if needed.
There doesn’t seem to be an economic angle save for the desire of the defense complex to justify its immense cost.
The only thing I can pick up is that the French *still* consider Syria (and Lebanon) to be in their sphere of colonial interest. You’ll notice that Britain backed us on Iraq, but not Syria, while France is backing us on Syria, but did not back us in Iraq. I suppose if the issue was in Indonesia, we’d probably get encouragement from the Dutch.
here’s how the country is divided between the gas and oil companies…
Russia restructures 2.5 billion euro loan to Cyprus (sinaEnglish)
NICOSIA, Aug. 30 (Xinhua) — Russia announced it has agreed to restructure its 2.5 billion euro loan to Cyprus, the state owned Cyprus News Agency said in a report on Friday.
The agency quoted Russian Deputy Finance Minister Sergei Anatolievitch Storchak as saying that after months of consultations, Moscow has consented to new milder terms for the repayment of the loan.
He said the loan will be repaid in 8 six-monthly installments starting in 2016.
The loan, which was obtained by Cyprus in December 2011, was to mature in 4.5 years and would be repaid in a single installment.
Storchak also said that interest on the loan will be reduced to 2.5 percent down from 4.5 percent.
http://english.sina.com/world/2013/0830/623995.html
Then the Cyprus Mail runs thie headline “‘We will not be used as a launching pad for Syria attack’”
By Stefanos Evripidou
CYPRUS cannot be used as a launching pad for attacks on Syria while at the same time offering its services as a shelter of stability and security for fleeing foreign nationals, said Foreign Minister Ioannis Kasoulides yesterday.
Speaking at a press briefing, Kasoulides said he has been given assurances that Cyprus will not be used as a launching pad for possible attacks against the Syrian government in response to the alleged use of chemical weapons against civilians near Damascus.
At the same time, he said: “Cyprus as a country of stability, peace and security is ready to undertake the responsibility of acting as a shelter in the evacuation of foreign nationals of friendly countries from the Middle East region if needed.
http://cyprus-mail.com/2013/09/01/we-will-not-be-used-as-a-launching-pad-for-syria-attack/
There doesn’t seem to be an economic angle save for the desire of the defense complex to justify its immense cost.
The only thing I can pick up is that the French *still* consider Syria (and Lebanon) to be in their sphere of colonial interest. You’ll notice that Britain backed us on Iraq, but not Syria, while France is backing us on Syria, but did not back us in Iraq. I suppose if the issue was in Indonesia, we’d probably get encouragement from the Dutch.