Besides, the government is not ready to write off the island state’s debt of $ 2.5 billion, granted it in 2011.
"We need to be very frugal, very conservative”, said Shuvalov.
As it became known last week, the government of Cyprus has officially asked Russia to extend the loan repayment term for five years.
According to the agreement signed earlier, the loan is to be redeemed by July 2016. Last summer, Cyprus requested another 5 billion loan from Russia towards recapitalizing its banks. At the time Moscow agreed to help, but only in coordination with the EU.
Voice of Russia, TASS