The Institute of Licensed Public Accountants of Cyprus expressed its concern about potential penalties to the Cypriot economic system as a result of dramatic developments in Ukraine.
In keeping with an announcement right now, sectors like tourism, investments, providers, cereals, commerce, monetary transactions, may be affected by the battle in Ukraine, whereas Cyprus has shut industrial and monetary relations with each nations concerned. Moreover, risks exist as a result of extra basic turmoil brought about within the European and consequently within the common economic system as a result of warfare in Ukraine.
The Institute, the announcement continued, is monitoring developments and in shut cooperation with the federal government is making an attempt to safeguard the pursuits of the Republic of Cyprus.