Russian Foreign Minister Sergei Lavrov will pay an official one-day visit to Cyprus on Wednesday to discuss bilateral relations as well as key international issues, a spokesman for the ministry said.

Andrei Nesterenko said Lavrov is scheduled to meet with President Dimitris Christofias, Parliament Speaker Marios Garoyian and Foreign Minister Markos Kyprianou.

"The sides will discuss perspectives for the bilateral cooperation within the framework of European institutions and universal international organizations," Nesterenko said.

He added that the sides will also discuss the Middle East settlement, situations in Iraq, Syria and Lebanon, the controversial Iranian nuclear program and other key international issues.

Overall Cypriot investment in the Russian economy totaled $56.7 billion up to the end of 2008, including over $38 billion of direct investment, the diplomat said.

The two countries posted bilateral trade of $1.306 billion last year, he added.