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Next Georgia Konstantinou: Very difficult days are coming due to Ukrainian HOME • INSIDER • CYPRUS • Georgia Konstantinou: Very difficult days are coming due to …
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The assessment that difficult days are coming for the Cypriot economy, expressed speaking to ACTIVE the spokesperson of the Pancyprian Bar Association, Georgia Konstantinos Panagiotou. “Cyprus,” he noted, “has rightly followed policies of principle in this matter, as a Member State, but we should not welcome it, because the costs for Cyprus will be disproportionate, as there are chain effects on tourism, real estate and & nbsp;
“As part of the ECB and the IMF's Cyprus monitoring program, members of the Pancyprian Bar Association participated in an online meeting on 22 March, “focusing on the results of the war in Ukraine, the sanctions against Russia and the implementation of sanctions in the Cypriot economy, as well as our economic model,” said Ms. Panagiotou. & nbsp;
“The PDS”, he added, “is making feverish efforts to draw up guidelines for those lawyers whose clients are affected, whether they are of Russian interest or do business with third parties of Russian interests. “The practical difficulties are enormous,” she said. “Lawyers have to face sanctions even from the United Kingdom and the United States,” he said. there is a tendency for them not to want to serve Russian customers. “
