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Next YPOIK in AP: Our exposure to the Russian economy is minimal HOME • INSIDER • CYPRUS • YPOIK in AP: Our exposure to the Russian economy is minimal
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Our economic report on the Russian economy was small, the Minister of Finance Konstantinos Petridis told the AP.
Specifically, the Ministry of Foreign Affairs, speaking to the AP about the impact of the sanctions against Russia that Cyprus has noted that they are minimal because we have reduced our exposure to the Russian economy and suspected Russian oligarchs.
To change its reputation as a money launderer for Russian oligarchs, Cyprus has taken a a series of measures to ensure the strength of the economy after the 2013 crisis.
The Minister of Finance of Cyprus at a conference last week stated that the Cypriot banks closed 80,000 suspicious accounts. & nbsp; He noted that the main pressure that the economy will receive will be from the interruption of the flow of Russian tourists in Cyprus, AP wrote.
