President Nikos Christodoulides believes more Cypriots and companies may be placed on the Russian sanctions list, vowing the government will do whatever possible to protect the country’s credibility. “We will not allow
Nicosia is preparing a road map to protect the country’s international reputation, following US and UK sanctions on Cypriot financiers accused of helping Russian oligarchs hide their assets after the Ukraine war.
By Craig Erlam Equity markets started the week a little mixed amid a nasty surprise from OPEC+ at the weekend, albeit against the backdrop of easing anxiety over the banking sector. We’re
A year ago, Russian tanks rolled into Ukraine expecting an easy victory as the Kremlin looked for a morale boost ahead of presidential elections. Moscow had entered Ukraine nearly a decade before,
Cypriots continue to show significant support for Ukraine against the Russian invasion, but aggressive sanctions against Moscow are less popular. There is also great support for accelerating the energy transition, notably investments
The Russia-Ukraine war continues to destabilise energy markets in 2023, as tight oil and gas supplies will persist and economic recovery, driven by China, leads to increased energy demand, impacting prices upwards.
President Nicos Anastasiades said that Russia could not expect Cyprus to break away from the EU’s collective decisions on sanctions against Moscow over Ukraine. The President was asked to comment on Russian
The impact of European Union measures against Russia on Cyprus’ maritime industry is “totally manageable,” said shipping minister Vassilis Demetriades. Briefing the parliamentary committee on budgetary affairs, Demetriades said that 144 ships
Cyprus is heading for an uncertain winter, although there is less worry here about the pending power cuts because of a gas shortage due to sanctions on Russia. Europe is scrambling for
Cyprus is expected to join Hungary and Malta in opposing tougher European Union sanctions on Russia over its invasion of Ukraine, reported the Financial Times. The bloc has already issued seven sanction
