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Monday, October 24, 2016

Cyprus rebelled against the anti-Russian sanctions

MPs of Cyprus, following the French National Assembly and Senate, four regional parliaments of Italy, adopted a resolution for the abolition of anti-Russian sanctions. But none voted against. The document calls on the government of this island state, part of EU, to initiate the process of removing any restrictions against Russia. It is noteworthy that the vote coincided with the publication of data on losses of the economies of European countries. It’s not as much more than $60 billion.


The resolution was introduced by the faction of the Progressive party of working people of Cyprus”. In addition to the cancellation of Western sanctions, the document commits the Executive to endeavour to ensure that Russia lifted its restrictions on the import of agricultural products. The deputies stressed that the sanctions policy has not brought any fruit.

Thus, Cyprus has become the third EU member state in which the parliamentarians of different levels have adopted similar resolutions. “Of course, the provisions of the document are Advisory in nature, – said in an official statement the Russian foreign Ministry. – However similar the outcome of the vote reflects the desire of the overwhelming majority of the Cypriot people to the restoration of mutually beneficial economic and trade ties with Russia… Show the growing awareness in member countries of the EU the real situation around the anti-Russian sanctions and their negative impacts on national economies, and European security in General.”

Interestingly, the vote in Cyprus coincided with the publication of the data leading French research centre on the losses of the EU, which reached $60,2 billion, the Greatest losses in Germany, Poland, Holland and France. Germany monthly loses $832 million, Poland – $210 million, and the Netherlands and France – about $200 million is among the worst affected are Cyprus, Italy, Greece, Spain.

“You can, of course, illusions that water wears away the stone, but given the political weight of Cyprus, the lifting of sanctions seem ephemeral, – says adviser on macroeconomics General Director of a DB “Opening” Sergey hestanov. — Nice to hear that someone supports us, but the real consequences of the resolution will not have. That is why wait for the emergency cancellation of the recently extended restrictions, unfortunately, no reason.”

Sanctions . Chronicle of events

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