The loss of tourists from Russia due to sanctions for invading Ukraine has taken its toll on tourism-dependent businesses, including car rentals in popular resorts like Ayia Napa. Car rental associations sound
Nicosia argues that EU-proposed sanctions to ban Russian crude imports will push Cyprus to double-digit inflation. Finance Minister Constantinos Petrides said the oil embargo on Russia, the ban on Russian oil supplies,
Europe should remain united in condemning Russian aggression and keep applying pressure to make Moscow change its behaviour, President Nicos Anastasiades said during his trip to Estonia. He urged the EU to
Ukrainian President Volodymyr Zelensky on Thursday urged Cyprus to revoke passports issued to Russians through an investment scheme and stop private yachts docking in its marinas. Zelensky made the plea during a
A project to build a natural gas pipeline from the East Mediterranean to Europe would take too long and cost too much as the West seeks quicker alternatives to Russian energy, a
The European Commission will offer technical support to help 17 Member States, including Cyprus, towards phasing out their reliance on Russian fossil fuels through technical support. Cyprus will be assisted through this
Cyprus will not accept a US request to hand over its Russian-made weapons to Ukraine as it would undermine its defence capabilities, said Defence Minister Charalambos Petrides on Tuesday. Petrides argued that
US officials have asked the government whether it is willing to transfer the country’s Russian-made weapons to Ukraine, according to a newspaper report. This move would mean that Cyprus would no longer
Standard and Poor’s rating agency downgraded RCB bank’s long-term issuer credit rating to B+ from BB- over the impact of its previous major shareholder, the Russian VTB, pulling out of the bank
The United States has banned imports of Russian oil, firing one of its biggest economic weapons against Moscow over the war in Ukraine where new humanitarian corridors were set to open Wednesday
