#sanctions

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 ...

After Cyprus breathed an initial sigh of relief on Friday over the UK’s and US’ latest round of sanctions, which did not appear to identify additional Cypriot individuals or ...

Registrar of Companies Irini Mylona on Friday morning said her office has been greenlighted to proceed with examination of applications for personnel replacements received from companies caught up in the ...

By Andria Kades and Iole Damaskinos Three law firms have been reported to the police over suspicions they have violated EU sanctions, the Cyprus Bar Association said on Thursday. A ...

As Cyprus braces for an almost inevitable new wave of sanctions to hit soon, the government conceded on Wednesday the effect on Cyprus’ services sector has been detrimental. The impact ...

A new list of natural and legal persons in Cyprus who will be subject to sanctions by the US and the UK is expected on Friday, it emerged on Tuesday. ...

The Bank of Cyprus has prepared a proposal aimed at reducing lending rates, which has been submitted to the Central Bank of Cyprus, according to the group’s CEO Panicos ...

The Cyprus bar association said on Monday it is concerned about employees and companies affected by US and UK sanctions on entities that had dealings with Russia. A report last ...

Officials from the UK and the US will soon visit to provide additional information on the sanctions, President Nikos Christodoulides said on Friday as authorities received the second tranche of ...

The employees of two Cypriot firms which were recently sanctioned by the UK, on Thursday sent an open letter decrying the effects that the freezing of these companies’ accounts has ...

Furore over AG’s absence from House committee There has been no impact to Cyprus’ financial stability as a result of the sanctions, only to its international reputation, Central Bank ...

By Iole Damaskinos and Elias Hazou President Nikos Christodoulides on Tuesday said the government has received the first batch of information on natural and legal persons included on the US ...

By Maria Demertzis “Every night I ask myself why all countries have to base their trade on the dollar,” Brazil’s President Lula da Silva said in a 13 April speech ...

President Nikos Christodoulides vowed that Cyprus will do whatever is possible to prevent further damage to the country’s reputation, adding that no one will be protected if they are ...

President Nikos Christodoulides is set to chair another meeting over the sanctions on Tuesday, broadening attendees to include professional bodies and regulators. Set to take begin at 10.30am at the ...

Cyprus may have joined the EU and pledged its allegiance to the West but the latest sanctions by the US and UK have once again brought unwelcome attention to the ...