Cyprus handed 800-page US dossier on Russia sanctions breaches
Cyprus has received an 800-page dossier from the US government detailing sanctions breaches by local individuals and entities that are alleged to have enabled the Russian billionaire, Alisher Usmanov, to conceal his immense wealth.
As the island’s leader Nikos Christodoulides vowed to push ahead with the prosecution of law and audit firms that had aided the oligarch, Washington released documents that amounted to a toolkit to facilitate the process. At least two other dossiers are expected to follow.
Revealing receipt of the “data package” on Tuesday, Christodoulides insisted a new era had begun in the EU member state long known as “Moscow on the Med” due to its financial ties with Russia – and reputation for soft-touch regulations.
“It’s imperative we approach this issue with the appropriate seriousness and do what we can so as not to allow anyone to blacken the country’s name,” he told a key economic forum in Nicosia, the island’s capital. “And I am certain that you who represent our economy realise and share the need to finish up with this matter and move into the new era.”
Christodoulides, who succeeded Nicos Anastasiades as president in February, has spoken with unexpected urgency about the need to crack down on sanctions breaches if Cyprus is to safeguard its credibility as a business hub. In April, more than a dozen Cypriot nationals and legal entities were included in a new round of US and UK sanctions after being identified as “financial fixers” for Usmanov and Roman Abramovich, close allies of Russian president Vladimir Putin.
The Foreign Office acted after publication by the Guardian of the Oligarch files, a series of reports that raised concerns about sanctions enforcement in Cyprus.
According to the British
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