Decision of Cyprus to introduce a tax on deposits would have no catastrophic consequences for Ukraine, Prime Minister Mykola Azarov told a news conference, ForUm correspondent reports.

"We can assess the scale of Ukrainian investments in Cyprus only indirectly. They are at least smaller than the Russian. That is why Russia has such a reaction at the decision. For us, it will not have such serious consequences, as for Russian capital," Azarov said.

In his view, the decision should be taken as soon as possible.

"The decision is very risky to the global banking system. The longer the debates last, the more it will rock the situation. Therefore, the final decision should be taken as soon as possible. We can not allow this crisis of confidence to spread like a domino effect," the Prime Minister said.

Azarov considers that this situation will lead to the fact that the Ukrainian business will think very carefully over the doubts about the reliability of our system. "For these three years, we have shown that we do not make confiscatory decision," the Prime Minister concluded.



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