MOSCOW (AP) — A spokesman for Russian President Vladimir Putin says the president has asked the government to restructure a 2.5 billion euro ($3.2 billion) loan to Cyprus.
Moscow has been worried about the crisis in Cyprus as Russian citizens hold as much as 20 billion euros ($26 billion) in Cypriot banks.
Russian news agencies on Monday quoted Putin's spokesman, Dmitry Peskov, as saying that the president has instructed the government to work out the terms for restructuring the loan which was made 2011.
Cyprus' finance minister spent most of the past week in Moscow, trying to reach a deal before talks failed on Friday.
Is Cruz the frontrunner now?
After Youtube Terminated His Account Twice, Hickok45 Found A New Home
Sloppy Language and Thinking | Human Events
The Biggest Winner from New Hampshire Was Hillary Clinton | RedState
Mike Shedlock - Obama Slashes Four Hours Off Definition of "Full-Time" Employment
Sloppy Language and Thinking
WATCH: Rutgers students smear themselves with fake blood to protest @Nero