‘Cyprus Confidential’ brings US agents

A team of 24 U.S. experts, including FBI agents, have arrived in Cyprus to investigate reports implicating the island in sanctions busting by Russian oligarchs, Government spokesperson Konstantinos Letymbiotis confirmed on Monday.

Foot-dragging worsened sanction-busting stigma

Authorities knew Cypriot firms were facilitating significant asset transfers for sanctioned Russian oligarchs months before the damning ‘Cyprus Confidential’ leaks. Government agencies were reportedly aware for eight months about the potential sanctions