Cyprus has cracked down on those named by the United States and Britain for allegedly helping Russian oligarchs bypass sanctions on Moscow because of the Ukraine war, an official said on April 22. Financial Commissioner Pavlos Ioannou told state broadcaster CyBC that the assets of the individuals and entities concerned had been frozen. The east Mediterranean island is home to a large Russian diaspora. Limassol on the south coast -- often nicknamed "Moscow on the Med" -- has long been a magnet for Russian speakers.
Cyprus Says Cracking Down On Ukraine War Sanction-Busters
The east Mediterranean island is home to a large Russian diaspora.