Source link : https://europ.info/2025/11/15/cyprus-fully-moves-on-from-russian-money-says-deputy-europe-minister-raouna/
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 highlighted the government’s commitment to fostering a more transparent and compliant environment, aligning closely with European Union standards. This new approach reflects Cyprus’s aim to enhance its reputation as a trustworthy international financial hub, reducing vulnerabilities linked to illicit financial flows and opaque investments. Key reforms include tightening anti-money laundering (AML) controls and enhancing cooperation with international watchdogs.
Notable changes introduced in…
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Author : Atticus Reed
Publish date : 2025-11-15 19:55:00
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