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Cyprus Optimistic on Russian Loan, Cypriot Foreign Minister Says

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Sept. 12 (Bloomberg) -- Cyprus is optimistic that it will reach an agreement with Russia for a 5 billion-euro ($6.4 billion) loan, Cypriot Foreign Minister Erato Kozakou-Markoulli said in a live interview on Greek state-run channel NET TV.

Discussions between the two countries are continuing and are focused on the interest-rate level for the loan, Kozakou-Markoulli said in the interview today.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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