NICOSIA - There is a positive outlook for the extension of the existing loan from Russia, as well reducing the interest rate, CNA reported, quoting a valid government source.
However, any arrangement, added the same source, can only be done as part of a possible agreement with the Troika.
Asked to comment on scenarios released for return to a haircut on deposits, said it had been made clear that deposits under €100,000 would not be touched.
The Cypriot side is asking Russia to extend €2.5b loan that expires in the second half of 2016 for another five years with the interest rate reducing from 4.5% to 2.5%, which will be the same rate paid to European lenders.