Cyprus in line for $6.2 billion loan from Russia

CHICAGO (MarketWatch)
Cyprus could soon get a multibillion euro loan from Russia to help clean up its troubled balance sheet, Dow Jones Newswires reports
The divided island nation may also get funding from both Europe and a separate sovereign state, the wire service noted
According to local media reports, Cyprus wants Russia to lend it five billion euros ($6.2 billion), a sum that amounts to more than a quarter of annual gross domestic product
 Last year, the country got a 2.5 billion euro loan from Russia that helped it avoid a wider bailout