Reaction to President’s visit to Russia unjustified, House President says

Reaction to President’s visit to Russia unjustified, House President says

House of Representatives President Yiannakis Omirou has described as “unjustified” the reaction of certain countries, such as the US and Britain, to Cyprus President Nicos Anastasiades` recent visit to Russia.

Omirou, who was speaking to journalists after having been received by President Anastasiades at the Presidential Palace, on Wednesday, also said that during the meeting he expressed his “strong concern” over the management of former Cyprus Popular Bank (Laiki), which was wound down after Cyprus received an international bail out in late March 2013.

The management of the bank`s assets is under the scrutiny of the Parliamentary Committee on Ethics after the Special Administrator Andri Antoniadou tendered her resignation.

Referring to reaction to President Anastasiades` visit to Russia, he expressed the point of view that they are “absolutely unjustified”. They cannot ask of Cyprus not to have other allies when their stance on the Cyprus problem is not in accordance with international law, he stressed.

This stance does not condemn the continued illegal behaviour of Turkey in Cyprus, he said, adding that he is referring to both the occupation since 1974 of the island`s northern third and Turkey`s recent violations of the Republic of Cyprus` Exclusive Economic Zone.

Referring to the management of the assets of former Laiki Bank, Omirou said that two years after the bank was wound down the Resolution Authority has blatantly failed to proceed with the necessary processes in order to satisfy the former bank`s creditors.

He said he proposed that the management of the former bank and its assets should be handled by its creditors.