Not more than 3.5 billion euros of funds from Ukraine left in Cyprus, executive director of the International Fund of Blazer Oleh Ustenko told a round table "Echo of Cyprus: the protection of rights depositors - Ukrainian and world practice," ForUm correspondent reports.

According to the economist, the remaining funds have been withdrawn during the last year, as their owners expected the problems in the Cypriot financial system since 2011.

"In general, about 60 billion euros of foreign investments still remain in Cyprus. The sum is much less than it was before, and those are the resources of the sources, which did not adequately perceive the real situation and did not react to it in time. Including up to 35 billion euros are the money from Russia, which bears the greatest loss," the expert said.

He added that Cyprus adopted not the best scenario as a way out of the crisis, the implementation of which requires 16 billion EUR (with GDP of 17 billion euros in 2012), as well as the actual requisition of bank deposits. "Of this amount, 10 billion will be provided by the IMF, the European Central Bank and the European Commission," the analyst said.


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