Cyprus has officially signaled a decisive shift in its approach to Russian capital, marking a clear break with its long-standing reputation as a haven for Russian money. In an exclusive interview with France 24’s Talking Europe, Cypriot Deputy Europe Minister Raouna confirmed that the island nation has “completely turned the page” on accepting Russian funds, underscoring a commitment to align more closely with European Union standards and sanctions. This development reflects growing geopolitical pressures and a strategic pivot as Cyprus seeks to redefine its financial sector amid the ongoing conflict in Ukraine and broader Western efforts to clamp down on Russian economic influence.
Cyprus Signals Shift Away from Russian Financial Influence, Emphasizing Transparency and Compliance
Cyprus is undertaking a decisive transformation in its financial and regulatory landscape, signaling a clear departure from its historic reliance on Russian capital. Deputy Europe Minister Raouna…
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Author : Atticus Reed
Publish date : 2025-11-15 19:55:00
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