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Foreign Affairs

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TexasTowelie

(127,395 posts)
Mon Jan 29, 2024, 01:12 PM Jan 2024

Bank of Cyprus Closes Accounts of Russians - UATV [View all]



'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.
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