Contents tagged with Cyprus
US Secretary of State Michael Pompeo, Greek Prime Minister Alexis Tsipras and President of Cyprus Nikos Anastasiadis will arrive in Israel in the near future to discuss the construction of the world's longest underwater EastMed gas pipeline from the Eastern Mediterranean to Europe, Benjamin Netanyahu, Prime Minister of the Jewish state stated on Wednesday.
“In a few days, the leaders of Cyprus and Greece will come here together with US Secretary of State Pompeo to advance the construction of a …
The District Court of Limassol, Cyprus, has arrested nearly $46 million worth of Dmytro Firtashi’s property as part of a lawsuit by Russia’s VTB Bank, Kommersant reports.
The lawsuit was filed on 20 December 2018, and within the week, the Ukrainian businessman’s property was placed under arrest as an interim measure. The consideration of the case is scheduled for the end of January.
The lawsuit concerns the debts of PJSC Ukrainian Chemical Products and LLC Titan Investments, which own …
Belarus has launched the first licensed and regulated cryptocurrency exchange in the Commonwealth of Independent States (CIS).
The project currency.com was registered as part of the High Technologies Park (HTP) – a special economic zone which Belarusian President Alexander Lukashenko established through the Decree on Development of Digital Economy.
The HTP zone effectively has the status of a Belarusian IT offshore haven, with special tax concessions, elements of British law, and its own …
With three months of sanctions, the Donald Trump Administration has managed to do something which the Russian government has been unable to do for the last 27 years: stop Russian money from flowing into offshore accounts. finanz.ru reports.
Since the tightening of sanctions in April, which was accompanied by a mass audit of Russians’ accounts in Cyprus, the freezing of Oleg Deripaska’s and Viktor Vekselberg’s assets, and the elimination of the Baltic “laundromat” for laundering Russian money, …
The demand among Russians for property in European offshore havens with the consequent acquisition of citizenship is growing, finanz.ru reports.
Between January and August 2018, the number of applications by Russian citizens to purchase residential and commercial property in order to acquire Maltese or Cypriot citizenship rose by 40%, according to the consulting company Knight Frank.
Cyprus’s passport program requires applicants to invest at least €2 million in the economy, of which €500,000 …
The Russian billionaires who have been placed under US sanctions have been hit by massive audits of their offshore accounts.
Oleg Deripaska and Viktor Vekselberg, who were blacklisted by the US Treasury Department in April, have been cut off from their assets in Cyprus.
The island’s banks have frozen Deripaska’s and Vekselberg’s accounts since April 6, when the US sanctions were announced and came into effect. This was reported by RBC, citing the US Treasury Department’s report on opposing …
According to Alexander Zakharov, attorney and partner of the Paragon Advice Group,Banks in Cyprus received direction from the Central Bank of Cyprus ordering them to close accounts of offshore companies. The information was also confirmed by sources in international companies, reported RBC news agency reports.
Companies that are registered in Belize, the British Virgin Islands, the Seychelles, and other island territories of the Caribbean will be classified as offshore. Cyprus banks will close …
The problems of Russian citizens with accounts in Cypriot banks began after the delegation of the US Office of Foreign Assets Control, the sanction unit of the US Treasury, visited the country in early May, the Fun & Profit telegram channel reported.
Authorized representatives of the US Treasury served an ultimatum demanding the removal of Russian accounts in Cypriot banks, a source from Fun & Profit said, which was confirmed by a source from The Bell news outlet who is familiar with one of …
During the Russian presidential elections in annexed Crimean territory, the only documented observer with direct ties to European institutes was European Parliament member from Cyprus Eleni Theocharous who visited the Crimea on March 18, reported The Information Resistance website.
Eleni Theocharous is known for her close contact with Russia. On December 13, 2017, she went to the Moscow House of Nationalities to attend the conference “Russia and Crimea in the Post-Byzantine Space: European …
Ukrainian oligarch Rinat Akhmetov has been prohibited from spending more than €20,000 per month. This restriction was imposed by a ruling of the Nikosia District Court (Cyprus) to freeze the businessman’s assets as part of the Ukrtelecom case, Tsenzor.net reports.
The court ruling specifies that the defendants can “use and administer a monetary amount of 20,000 euros per month to cover their own court expenses”.
The court’s ruling against Akhmetov and nine other persons was adopted on …