The President of the Republic Mr.Nikos Christodoulides chaired today, at the Presidential Palace, a meeting on the sanctions imposed by the US and the UK against natural and legal persons from Cyprus.
After the meeting, the Government Spokesman Mr. Constantinos Letibiotis told reporters that during the meeting "the President of the Republic asked for a road map to be prepared with the effective actions to be taken.
He reiterated the clear message that the credibility of our country must be preserved, that no deviation from the EU sanctions will be tolerated.
He reiterated the clear message that the credibility of our country must be preserved, that no deviation from the EU sanctions will be tolerated. It is with satisfaction that we were also informed of the position of the UK High Commission, which praised the cooperation of the Republic of Cyprus following the position of the State Department in the previous days.
All the Services of the State and the competent authorities, in a coordinated manner, communicated both on a technical and political level with the corresponding authorities in the United Kingdom and in the United States of America, in order to find the fastest and most efficient channels of providing the information so that it can be transmitted to the Legal Service so that it can be evaluated.
In addition, the Governor of the Central Bank informed that banking institutions have proceeded to freeze the bank accounts of the individuals and entities on the lists and also informed that the European Central Bank considers that Cyprus has made strides in recent years and is pleased to see the steps that the Republic of Cyprus has taken.
In particular, in recent years 43 thousand shell companies have been closed in Cyprus, 123 thousand bank accounts have been closed and today only 2.2% of all deposits have Russian nationals as final beneficiaries.
Finally, the President of the Republic was informed about the procedures for the establishment of the National Sanctions Enforcement Unit, which will have technical support from the corresponding service in the United Kingdom."
(PM/EP/EXP)
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