Government receives data requested from US over sanctions – reports

The government has received the data it has requested from the USA in regards to the Cypriot persons and entities that were included on its list of sanctions for allegedly helping Russian billionaires to hide their assets following the outbreak of the war in Ukraine.

According to local media reports, the Cypriot authorities have received a very bulky, 800-page file.

All eyes are now on the government, and more particularly President Nikos Christodoulides, who has repeatedly claimed that he is determined to take all necessary actions to “clear” Cyprus’ name “once and for all”.

He said, “We have asked for specific data, relating to the decisions that have been made, and I believe that the Republic of Cyprus must do – and this is what we are doing – whatever is possible so as to remove any shadows hovering over our country”.

Speaking after a Council of Ministers meeting on Monday, Christodoulides said there would soon be specific announcements about the matter. “Soon you will hear certain specific decisions on the government’s part, perhaps even at the upcoming Council of Ministers meeting, regarding this specific issue.”

Meanwhile, the European Commission recently forwarded its proposal for the 11th package of sanctions against Russia to all the member states. A first discussion of the proposal will take place at the COREPER meeting on Wednesday, 10 May. The package focuses on reinforcing the efficiency of the sanctions, as well as on ways to avert them from being circumvented.

Read More

Preparations well underway for Cyprus' EU Presidency in first half of 2026
Wizz Air announces new direct route from Larnaca to Tirana, Albania
ERB Cyprialife and ERB Asfalistiki: The Hellenic Life and Pancyprian Insurance merger takes shape
Ministerial decree establishes National Mechanism for the Control of Foreign Direct Investments
'Maritime Cyprus 2025' to be held at Parklane, a Luxury Collection Resort & Spa
Celebrating excellence, University of Limassol hosts its 2025 Graduation Ceremony (pics)
Laiko Cosmos Trading bringing William Grant & Sons' 'The Famous Grouse' and 'Naked Malt' to the Cyprus market
Τhis year is pivotal for Cyprus’ tourism, President Christodoulides says
Increase in revenues and contained spending in Cyprus’ state budget by May
CBC: Net demand for business loans rises in Cyprus for the first time since 2021