#sanctions

Cyprus’ tourism has lost a billion euros thanks to placing sanctions and closing its skies to Russian aircraft, according to Russia’s ambassador in Nicosia Murat Zyazikov. Zyazikov was speaking ...

Corruption weakens the economy although a lot is being done in Cyprus to work against it, the US state department’s global anti-corruption coordinator said on a recent trip to ...

The government is looking to create a single authority to handle sanctions and money laundering matters, it emerged on Thursday after a meeting with the president, finance minister and accountants’ ...

Cyprus along with all countries that imposed sanctions on Russia have had their double taxation agreements suspended, an announcement from the finance ministry said on Wednesday. The decree was signed ...

Russian President Vladimir Putin on Tuesday signed a decree suspending double tax treaties with 38 “unfriendly countries” including Cyprus. Back in March, Russia’s foreign and finance ministries had proposed the ...

The United States on Monday imposed sanctions against four top Bosnian Serb officials, including the Serb member of the country’s presidency, for undermining a US-sponsored peace deal that ended ...

But visiting State Department official underlines US support for the island although there is ‘more work to be done’ Cyprus must raise standards across the board if it is to ...

A US Department of State official tasked with overseeing sanctions implementation is on a two-day official visit to Cyprus, it emerged on Thursday. Erik Woodhouse, deputy assistant secretary for the ...

Russia on Thursday imposed Soviet-style restrictions on British diplomats, requiring them to give at least five working days’ notice of any plans to travel beyond a 120-km (75-mile) radius, due ...

Taking into account the “long standing challenges” Cyprus faces, the government on Wednesday announced seven measures to coordinate matters related to sanctions, including a rebranding campaign both at home and ...

The Central Bank of Cyprus has maintained its growth forecast at 2.6 per cent, citing positive developments which have mitigated the fallout from the sanctions imposed on Russia. The Central Bank ...

An EU Commission delegation was in Cyprus for two days to carry out meetings over the island’s sanctions implementation and enforcement, it emerged on Tuesday. The purpose of the ...

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A small minority will not be allowed to tarnish Cyprus’ reputation, which has been built over many years, President Nikos Christodoulides said on Saturday. Addressing the bank worker’s union, ...

Taiwan-based computer manufacturer Acer (2353.TW) supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would ...

Cypriot companies caught up as collateral damage from Western sanctions against Russia are making the changes needed to unfreeze their accounts, with an official on Friday estimating all should be ‘...

After months of negotiations, Finland’s Nokian Tyres (TYRES.HE) was on the cusp late last year of finalising a 400-million-euro ($440.32 million) sale of its Russian business. Then Moscow changed ...

Cyprus’ top priority is securing the country’s credibility and reputation as a financial center, taking all necessary steps to deal with the US and UK sanctions, President Nikos Christodoulides ...

The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia’s more traditional export routes, Russian customs records show. The ...

Cyprus must assert itself with a strong voice to the EU in a bid to mitigate the effects of sanctions to businesses on the island, chairman of the House commerce ...

Cyprus must be cautious on the matter of sanctions as the country’s credibility is being judged abroad, Attorney General Georgios Savvides told reporters on Tuesday. Asked what the situation ...

Comments on and reaction to UK and US sanctions hit Cyprus’ economy harder than the sanctions themselves, chairman of the Cyprus Bar Association Christos Clerides said on Monday. “When I ...

Speaking on state radio on Friday morning about the US and UK sanctions, economics professor Marios Zachariades made a very valid point. He said there was either compliance or non-compliance ...

A handful of Cyprus-based companies were among the 300 entities hit with US sanctions on Friday. The three companies are Robarin Ltd, Aquila Capital Group, Huriya Private Cyprus Ltd. The list ...