Proponents of nuclear power say construction of new plants would likely require the extension of a federal loan guarantee program, also created by the 2005 energy act, that's set to expire in 2009.

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"My understanding is that the Russian government is ready to make a contribution with an extension of the loan and a reduction of the interest rate, " said the EU's top economic official, Olli Rehn.

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The cash was handed to Mr. Golubkov on behalf of a customer who was seeking an extension to his loan and a lower interest rate, the ministry alleged.

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For a 15 day extension, the cost is typically .25% of the loan amount added to your closing costs.

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From where things stand now, it looks like Cyprus will be looking to expand on its relationship with Russia with an extension of an existing loan, an appeal for a lower interest rate and most importantly, introducing the role of untapped gas reserves to the conversation.

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