#sanctions

Furore over AG’s absence from House committee There has been no impact to Cyprus’ financial stability as a result of the sanctions, only to its international reputation, Central Bank ...

By Iole Damaskinos and Elias Hazou President Nikos Christodoulides on Tuesday said the government has received the first batch of information on natural and legal persons included on the US ...

By Maria Demertzis “Every night I ask myself why all countries have to base their trade on the dollar,” Brazil’s President Lula da Silva said in a 13 April speech ...

President Nikos Christodoulides vowed that Cyprus will do whatever is possible to prevent further damage to the country’s reputation, adding that no one will be protected if they are ...

President Nikos Christodoulides is set to chair another meeting over the sanctions on Tuesday, broadening attendees to include professional bodies and regulators. Set to take begin at 10.30am at the ...

Cyprus may have joined the EU and pledged its allegiance to the West but the latest sanctions by the US and UK have once again brought unwelcome attention to the ...

Cyprus will not allow its reputation to be tarnished, President Nikos Christodoulides said on Sunday, suggesting there would be more individuals and companies that might be sanctioned. Already, the country ...

The government may have earned some plaudits from the United States for its cooperation on the issue of sanctions, but this cooperation was evidently not enough. This was why on ...

Sanctions imposed on Russia and Russian citizens so far will not significantly impact the Cypriot economy as its banks have very satisfactory levels of capital and one of the best ...

More than 4,000 accounts held by Russians in Cypriot banks could be closed over the next two months following the imposition of sanctions on a number of individuals in Cyprus, by ...

Opposition party Akel on Wednesday latched onto the developments surrounding the sanctions saying Cyprus has earned a horrific name for itself across the globe, with the previous government “closing its ...

A national sanctions implementation unit will be set up in Cyprus, which will cooperate with the respective department in the UK, the government announced on Wednesday. The decision came at ...

The sanctions imposed on Cypriot companies and individuals by the US and UK last week took the government by surprise. It was not expecting this and found itself in a ...

What do Russian oligarch Abramovich and Chelsea football club have in common? Links to Cyprus apparently. In a series of exclusive reports dubbed ‘Oligarch files’ published by The Guardian on ...

The Cyprus government on Tuesday stressed it was ready to explore whether there were grounds to begin criminal proceedings against sanctioned Cypriots who have been named by the US and ...

Cyprus is gearing up to go into damage control mode to salvage its international reputation after a dozen locals have been sanctioned for being “financial fixers” to Russian oligarchs. “I ...

US Ambassador to Cyprus Julie Fisher has hailed the cooperation between the US and Cyprus in holding to account those enabling Russia’s war on Ukraine. Her statements just before ...

President Nikos Christodoulides hastily convened a meeting at the palace on Thursday evening to discuss US and UK sanctions that have led to a punishing blow to Cypriot individuals and ...

The UK government on Wednesday imposed sanctions on two Cypriot “financial fixers” for “knowingly assisting” sanctioned Russian oligarchs to hide their assets in complex financial networks. A damning statement named ...

A Russian businessman facing extradition from Italy to the United States has escaped from house arrest, Italian police said on Thursday. Artem Uss is due to face charges in the ...

A total of 109 companies based in Cyprus are among those sanctioned by Ukrainian President Vladimir Zelensky, including gambling company Parimatch. “This is an egregious mistake. We hope it will be ...

Trucks carrying Coca Cola roll across the border into Russia, tourists return from abroad laden with Zara’s latest designs, and local online marketplaces snap up IKEA’s furniture stocks. ...

Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter ...

Russia’s current account surplus hit a record high in 2022, the central bank said on Tuesday, as a fall in imports and robust oil and gas exports kept foreign money ...