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

Cyprus must confront past sins

Cyprus must face up to sins of the past and serve out punishment for financial fixers and high-ranking politicians implicated in money laundering and sanction busting if it wants to thrive as

‘Zero tolerance’ for sanction busters

Nicosia is giving zero tolerance to Cypriot sanction busters tarnishing the island’s international reputation as a credible financial hub, said government spokesperson Konstantinos Letymbiotis. His statement followed a high-level briefing at the

Game over for Armenia?

During the past three decades, Armenia struggled to convince the world that the ethnic enclave of Nagorno-Karabagh was an integral part of the Armenian nation, connected to the motherland with a fragile

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UK says Nicosia cleaning up its act

British High Commissioner Irfan Siddiq said Cyprus has a consensus to enforce sanctions against Russia to restore its reputation, but the Turkish-occupied north is a money laundering blackspot. He said while questions on

No fallout from Russia Tax Agreement axe

Cyprus is not expected to face any further consequences following the decree signed by Russian President Vladimir Putin for suspending certain provisions of international taxation agreements, said the Finance Ministry. A statement

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Russia to open consulate in north

The Foreign Ministry is looking into claims of a possible Russian presence in the Turkish-occupied north for the provision of consular assistance, its spokesperson Theodoros Gotsis said. He told CNA that the

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