Cyprus freezes €1.2 bln in Russian assets

Some €1.2 bln in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, the Finance Ministry said. The ministry told The Associated Press that “the

Blaze at Russian Cultural Centre raises doubts

A large fire caused extensive damage to Cyprus’ landmark Russian Cultural Centre in the heart of the capital Nicosia with authorities not ruling out malicious intent, the fire service said Wednesday. The

Cyprus vows to prosecute Russian oligarch ‘enablers’

Cyprus is committed to prosecuting any Cypriots accused by the US and Britain of enabling Russian oligarchs to bypass sanctions over Ukraine, government spokesperson Constantinos Letymbiotis said Tuesday. Ten Cypriot-born ‘financial fixers’

Cyprus denies harbouring Russian oligarchs

Finance Minister Constantinos Petrides has refuted claims by US news channel CBS that Cyprus is not effectively enforcing EU sanctions against Moscow because it’s a haven for the money of Russian oligarchs.

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