22 Apr 2013 16:08

Long-term consequences of extraordinary measures taken in Cyprus are not known yet - Putin

SOCHI. April 22 (Interfax) - Russian President Vladimir Putin said the long-term consequence of the extraordinary measures taken in Cyprus are not known yet.

"We see what methods of resolving debt problems are used on specific countries, I mean Cyprus, where the measures that have been taken essentially undermine confidence in the financial system," Putin told a meeting on economic issues.

"Experts are divided on how these extraordinary actions will reflect on the further developments of events in Europe and what the long-term consequences will be," he said.