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The country whose companies are governing the lion's share of Ukrainian industry are on the verge of bankruptcy

The Ministry of Finance of the Cyprus called on the leaders of the European powers as soon as possible to achieve a political agreement on providing assistance to the Republic of Cyprus, where, as you know, almost all Ukrainian-owners of the largest enterprises in Ukraine are registered.

The situation that has developed in the Cyprus economy represents a systemic risk to the eurozone economy, the presentation materials prepared by the Ministry of Finance of Cyprus say, Interfax-Ukraine reports.

The only way to save Cyprus from bankruptcy will be to provide financial assistance to the countries of the European Union and the International Monetary Fund, Bloomberg informs.

If nothing is done, then by the beginning of 2014 the external debt of Cyprus will reach 150% of GDP, warns the Ministry of Finance of the beloved by the Ukrainian oligarchs of offshore.

Cyprus turned to the Russian Federation for help, counting on understanding and requesting a delay in paying off accounts payable for another 5 years. The Ministry of Finance of Cyprus assures the leaders of the European Union that the answer will be positive.

Recall that the Moody's International rating agency reduced the long -term rating of the state bonds of Cyprus to “SAA3” from “B3”. According to the agency’s press release, the rating forecast is “negative”. The short -term rating of the State Bum was confirmed at the “Not Prime” level.


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