Bank of Cyprus Closes Accounts of Russians - UATV

[TexasTowelie]

'Ask few questions' Cyprus closes its banks for Russian oligarchs. The scale of economic outflow from Russia to Cyprus was huge in 2014–2022. EU legislation to counter money laundering and comply with sanctions made it difficult for Russians themselves to hold money in the Cypriot banks.

[Martin68]

1. Excellent news! Cyprus was Russian crime's center for banking and laundering money.

It’s not only damaging. It is embarrassing and humiliating.

[Quakerfriend]

2. Good! 'Bout time!! I wonder how

Wilbur Ross is ……

https://amp.theguardian.com/us-news/2017/mar/23/wilbur-ross-russian-deal-bank-of-cyprus-donald-trump-commerce-secretary

[AllaN01Bear]

3. eggsclwent.

also the us center for that activity too also.

[Warpy]

4. Wow. I wonder if other stash banks will follow suit

Switzerland, we're all looking at you.