There will be no significant impact on the Cypriot banking system from the economic sanctions against Russia, given the minimal exposure of Cypriot banks to the Russian economy, as well as the significant reduction of Russian deposits in Cyprus, Finance Minister Constantinos Petrides reiterated during the extraordinary teleconference of the EU Council of Finance Ministers on developments in Ukraine.
EU Finance Ministers discussed the impact of the sanctions on both the Russian and European economies.
CNA
Contents of this article including associated images are owned by CNA
Views & opinions expressed are those of the author and/or CNA
Source
