SOCHI, Russia Dec 4 Cyprus has reached an
agreement to receive financial support from European lenders,
which makes it unlikely that the country will need a loan from
Russia, Russia's Finance Minister Anton Siluanov said on
Cyprus has asked both Moscow and the European Union for aid
to refinance its banks, severely affected by the euro zone debt
crisis and exposure to Greece. The country may require up to 10
billion euros ($13 billion), according to a draft deal with
international lenders seen by Reuters.
"Cyprus had agreed with European lenders on its own so I
think it may not require Russian loans," Siluanov told
journalists in the Russian city of Sochi.
But for the final agreement on Cyprus, euro zone finance
ministers need the results of an audit of Cypriot banks, which
will show how much money the sector will need to boost capital.