PRESIDENT Nicos Anastasiades on Saturday said his government would do all that was humanly possible to alleviate, to the greatest extent possible, the impact of the Eurogroup decision for a ‘bail-in’ of Cypriot banks, and thanked the Russian community in Cyprus for choosing to stick with the island.
In a speech to the 8th Cyprus-Russian Festival in Limassol, Anastasiades hailed the “natural affinity shared between Cypriots and Russians”, noting that relations between the two countries “have proven resilient and durable even when tried and tested through the unprecedented dire economic situation which Cyprus currently faces”.
Addressing the Russian contingent at the festival, the president said he wholly acknowledged and shared their “understandable bitterness and apprehension caused by the coercive manner with which the Eurogroup agreement was imposed on my government”.
He added: “I am also fully aware of the difficulties they are facing, as well as the financial losses they have suffered. It is for these reasons that I wish to assure you that as a state, and, particularly, as a government, we will do all that is humanly possible to alleviate, to the greatest extent possible, the impact of the Eurogroup agreement, especially as regards the compensation of part of the losses which shareholders of banks, holders of debt securities and depositors have suffered.”
Anastasiades also expressed his “satisfaction and gratitude for the vote of confidence, trust and faith which the vibrant Russian community residing in Cyprus, as well as the Russian business community, has since the Eurogroup agreement been displaying to Cyprus and its economic and banking system”.
The president said this was testament to the fact that, “contrary to unfounded rumours circulated in specific directions, Cyprus and Russia will continue to enjoy a mutually beneficial partnership, a partnership which has a prosperous future”.