Th
e sanctions towards Russia following its invasion in Ukraine and the potential affect on the Cypriot financial system shall be one of many principal points to be mentioned within the context of the 12th post-programme surveillance conferences between the Cypriot authorities and Cyprus’ collectors, the European Fee, the European Central and the IMF, that start on Friday.
In a press launch issued right this moment, the Finance Ministry stated the contacts between the mission and Cypriot officers shall be contacted nearly and can assess the state of play in Cyprus’ monetary, fiscal and banking sectors, in addition to broader points such because the labour market and public well being.
“As a result of prevailing extraordinary scenario related to the navy invasion of Russia in Ukraine, the programme’s agenda will place particular significance on the difficulty of Russian sanctions and their affect on the Cypriot financial system,” the press launch added.
Concluding, the Ministry stated it seems ahead “to a really constructive dialogue, hoping for yet one more optimistic evaluate.”
(CNA)