#sanctions

Attorney General George Savvides strongly denied corruption charges on Tuesday after a lawyer accused his office of collaborating with a billionaire Russian oligarch to allow an allegedly illegal $113.4 million deal ...

The first meeting between the US sanctions experts and Cypriot authorities took place on Tuesday, in a discussion that lasted well over an hour. A police spokesperson told the Cyprus ...

A team of US experts has arrived in Cyprus to investigate sanctions violations, Government Spokesman Konstantinos Letymbiotis confirmed on Monday. They are set to begin work immediately, and cooperate with ...

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 still significant doubt about their effectiveness. ...

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 pledged there would be thorough ...

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 alleged role in potentially ...

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 Confidential’ report claiming to ...

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 Thursday. It said that as ...

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 from baby food to nappies ...

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 attempt believed to have helped Russian ...

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 over the years preceding the 2022 ...

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 the presidential palace. The meeting ...

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 Zyazikov. Zyazikov was speaking ...

Corruption weakens the economy although a lot is being done in Cyprus to work against it, the US state department’s global anti-corruption coordinator said on a recent trip to ...

The government is looking to create a single authority to handle sanctions and money laundering matters, it emerged on Thursday after a meeting with the president, finance minister and accountants’ ...

Cyprus along with all countries that imposed sanctions on Russia have had their double taxation agreements suspended, an announcement from the finance ministry said on Wednesday. The decree was signed ...

Russian President Vladimir Putin on Tuesday signed a decree suspending double tax treaties with 38 “unfriendly countries” including Cyprus. Back in March, Russia’s foreign and finance ministries had proposed the ...

The United States on Monday imposed sanctions against four top Bosnian Serb officials, including the Serb member of the country’s presidency, for undermining a US-sponsored peace deal that ended ...

But visiting State Department official underlines US support for the island although there is ‘more work to be done’ Cyprus must raise standards across the board if it is to ...

A US Department of State official tasked with overseeing sanctions implementation is on a two-day official visit to Cyprus, it emerged on Thursday. Erik Woodhouse, deputy assistant secretary for the ...

Russia on Thursday imposed Soviet-style restrictions on British diplomats, requiring them to give at least five working days’ notice of any plans to travel beyond a 120-km (75-mile) radius, due ...

Taking into account the “long standing challenges” Cyprus faces, the government on Wednesday announced seven measures to coordinate matters related to sanctions, including a rebranding campaign both at home and ...

The Central Bank of Cyprus has maintained its growth forecast at 2.6 per cent, citing positive developments which have mitigated the fallout from the sanctions imposed on Russia. The Central Bank ...

An EU Commission delegation was in Cyprus for two days to carry out meetings over the island’s sanctions implementation and enforcement, it emerged on Tuesday. The purpose of the ...