The authorities of Cyprus seized 105 million euros from the accounts of Russians subject to sanctions

Cyprus froze bank deposits in the amount of 105 million euros of Russians who came under sanctions due to Russia’s invasion of Ukraine.

About this reported Minister of Finance of Cyprus Kostiantinos Petridis in an interview with the CBS channel.

According to him, only in 2022, Russian citizens placed 5.6 billion euros in Cypriot banks. All Cypriot companies, the owners of which are considered to be Russian oligarchs who have come under sanctions due to Russia’s invasion of Ukraine, are under “increased control”. About 10 Russian oligarchs intend to withdraw the golden passports issued by Cyprus for multimillion-dollar investments in the country.

However, the Cyprus Finance Minister did not name any names. The country’s agency also did not disclose the names of Russian oligarchs, referring to European data protection rules. At the same time, as the publication notes, other EU countries published such lists.

In April 2022, one of the main Cypriot newspapers, Phileleftheros, reported that the Cypriot authorities decided to cancel the “golden passports” of Russian businessmen Mykhailo Gutseriev, Oleksandr Ponomarenko, Vadym Moshkovich and Oleksiy Kuzmychev (all of whom are under European sanctions), as well as their family members. In total, 21 people were included in this list.

We will remind, in Croatia Alisher Usmanov’s ship was stolen– a sanctioned Russian oligarch.

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