Russia May Give Loan for Bank of Cyprus Stakes, Alithia Says
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Russia informed Cyprus that it’s ready to grant a 5 billion-euro ($6.1 billion) loan if Russian shareholders are allowed to increase their stakes in Bank of Cyprus, Alithia reported.
Russian billionaire Dmitry Rybolovlev, former owner of fertilizer maker OAO Uralkali, has discussed increasing his stake in Bank of Cyprus with the Cypriot government, the Nicosia-based newspaper reported today without saying where it got the information.