Finance Minister says no hazard to Cyprus banks as a result of sanctions

Attributable to his assembly with the Central Financial institution governor, Finance Minister Konstantinos Petrides mentioned that there is no such thing as a hazard to the Cyprus banking system because of the sanctions.

After the briefing he had, Petrides famous that even excessive situations have been analyzed, relating to the Russian-Ukrainian struggle, as a result of which the entire vacationer business is affected with penalties additionally on commerce and the provision chain. He added that inflation is anticipated to extend as a result of elevated oil costs.