The Central Bank of Cyprus (CBC) assures that the necessary precautionary measures have been taken to limit any impact of the war in Ukraine on the Cypriot financial system. At the same time, it notes that due to the rapid developments, the analysis of the potential impact and potential risks is ongoing.
This is stated in a written response from the office of the Governor of the Central Bank of Cyprus, Constantinos Herodotos, to a CNA query on the exposure of the Cypriot financial system to Russia and Ukraine respectively and the measures taken to address the impact of the Ukrainian crisis.
(CNA)
CNA - Thalia Neophytou
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