Russia is by far the most important economic partner of Cyprus and the prospects of this cooperation are even greater, said Minister of Finance Charilaos Stavrakis.
Speaking at Larnaca Airport on his return from Moscow, Stavrakis noted that many efforts were made in order to take Cyprus out of Russia`s two black lists and maintain the privileged position of Cyprus as the country through which investments are made in Russia.
He expressed the belief that a lot of progress has been made and said that with the visit of the Cypriot President Demetris Christofias in Russia next October any problems existed will be solved and Cyprus will fully exploit the large economic possibilities of Russia.
He added that while the rest of the world is facing problems of cost, Russia exports petrol and feedstock maintaining a high level of development.
In Moscow Stavrakis met with his Russian counterpart and other officials.
by Cyprus News Agency