The president of Cyprus on Tuesday affirmed a “zero tolerance” policy toward any Cypriot citizen or company helping to evade international sanctions imposed on Russia following last year’s invasion of Ukraine.
President Nikos Christodoulides underscored his administration’s mission to safeguard Cyprus’ name as a “credible business and financial center" after the U.S. and the U.K. recently included a handful of Cypriot nationals and Cyprus-registered companies on a list of “enablers” helping Russian oligarchs skirt sanctions.
