The limits of the effectiveness of EU sanctions on Russia
By Maria Demertzis When Russia invaded Ukraine in February 2022, the European Union had little experience of imposing sanctions. Numerous sanctions packages later, there is...
sanctions
Sanctions evaders ‘may be difficult to convict’
The attorney general (AG) dampened hopes for criminal convictions over sanctions evasion on Wednesday, after he told deputies those may be difficult to achieve but...
Questions over why Cyprus-Russia sanctions’ probe has taken so long
Authorities on Wednesday appeared to be playing a game of hot potato over who was responsible for the apparent delay in investigating reports over PwC’s...
Government considers next steps after ‘Cyprus Confidential’ reports
A snap meeting was held at the presidential palace on Monday, deputy government spokesman Yiannis Antoniou said, to discuss the revelations in last week’s ‘Cyprus...
Central Bank defends policies after ‘Cyprus Confidential’ reports
The Central Bank of Cyprus (CBC) is examining potential violations mentioned in the ‘Cyprus Confidential’ papers insofar as they concern credit institutions, it said on...
In wartime Russia, soaring prices bite as election looms
For Darya Stepanova, a mother of two who lives in a small town on the eastern side of the Ural mountains, soaring prices for everything...
ICIJ: Russian oligarch used Cyprus firm to transfer funds day sanctions announced
A Cyprus-based company appears to have been at the heart of a $5 million transfer of Russian wealth, flagged by UK authorities as a suspicious...
Global investigation claims Cyprus helped Russians shield their wealth (update 3)
A global investigation on Tuesday claimed to show how Russian influence in Cyprus and on local service providers helped oligarchs and billionaires structure their wealth...
Government focuses on sanctions compliance to preserve reputation
The government is working towards safeguarding Cyprus’ name abroad where sanctions are concerned, government spokesman Konstantinos Letymbiotis said on Wednesday after a high-level briefing at...
Russian ambassador says Cyprus tourism ‘lost €1bn’ from imposing sanctions
Cyprus’ tourism has lost a billion euros thanks to placing sanctions and closing its skies to Russian aircraft, according to Russia’s ambassador in Nicosia Murat...
