Despite authorities and stakeholders in the services sector being relieved that no Cypriot company or individual was included in the latest sanctions list issued by the UK, a Cyprus-Russia link was present.
Some 100 Cypriot companies caught up in the UK and US sanctions fallout are back in business after restructuring their executive boards, removing sanctioned people for helping Russian oligarchs. The Registrar of
The USA has updated its sanctions list on pro-Kremlin Russian oligarchs and facilitators, adding three Cyprus-based companies to the 300 entities hit with restrictions on Friday. No additional Cypriot individuals were added
Cypriot authorities are working on unfreezing the assets of companies caught up in the UK and US sanctions fallout, while another list includes more Cypriot individuals that enabled sanctioned Russian oligarchs. The
Five Cypriot law firms are under investigation by police for possibly violating European Union sanctions by providing services to Russian oligarchs with ties to the Kremlin. A total of 36 law firms
EU Justice Commissioner Didier Reynders arrived in Nicosia on Thursday on a two-day visit to discuss with the island’s officials the enforcement of European Union sanctions on individuals and companies with ties
Top lawyers and accounting firms fear being placed on the US and UK sanctions lists as they have clients whom are Russian oligarchs sanctioned following Russia’s invasion of Ukraine. Quoted by Politis
Nicosia will establish a supervisory authority to control damage inflicted on the island’s reputation as a business destination, following UK and US sanctions on Cypriot service providers. President Nikos Christodoulides has met
Nicosia will not allow sanction busters to blacken the country’s reputation, and the government will not cover anyone enabling Russian oligarchs to bypass Ukraine war sanctions. President Nikos Christodoulides told reporters the
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
