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Cyprus protests portrayal as safe haven for Russian money

Por: ABC News Business January 19, 2023

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NICOSIA, Cyprus -- Cyprus has frozen about 1.5 billion euros ($1.6 billion) in Russian-linked deposits and assets in accordance with European Union sanctions over the war in , the island nation's finance minister said Thursday.Constantinos Petrides also told a press conference that Russian deposits in Cypriot banks have fallen from a stunning 40% of the total before the 2013 financial crisis — when big depositors were forced to take a cut... + full article



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