President says British and Americans to visit Cyprus soon about sanctions issue

Cyprus President, Nikos Christodoulides, has said that British and Americans will pay visits to Cyprus during the next days to convey more information as regards the issue of sanctions imposed by them on individuals and legal entities in Cyprus for enabling Russian oligarchs. Asked about the issue that has come up as regards the payment of the salaries of the employees at the companies that have been sanctioned, Christodoulides said that they received new information on Friday by the US regarding the sanctions and that during the next days British and Americans will pay visits to Cyprus to convey further information. He added that two issues have come up, noting that one of them is the issue of the payments and the other the issue related to the Registrar of Companies. He explained that some Cypriots businessmen want to make some changes as regards their companies. "We have discussed both with the Law Office of the Republic and we have a legal opinion, and I have also discussed them with the Central Bank Governor and at the beginning of next week we will have developments on them", he noted, adding that priority will be given to the issue related to all those who are working at these businesses, so that they will not be affected as regards their salaries.

Source: Cyprus News Agency