22
Nov
2023
Watch
Cyprus Confidential - need to curb enablers of sanctions-evasion and money-laundering rules in the EU (debate)
Mr President, at a time when the Cypriot people were paying enormous costs by taking sanctions against Russia, unfortunately, a few, taking advantage of loopholes in the timing of the sanctions, were changing the ownership of companies that would be on the sanctions list. These are on the altar of personal gain, disregarding even the reputation of their country, feeling that they operate in a state of lawlessness and impunity. The sanctions hit the tourism industry enormously, shut down businesses and Cypriot farmers stopped exporting their products to Russia, watching Russian investors move to Turkey and the occupied part of Cyprus. Unfortunately, the negative mention of my country's name was tarnished by these few and added to the negative mentions of Cyprus' involvement following the Panama Papers, golden passports and Pegasus. The new government through its president said that no one is above the reputation of our country and that everything will be investigated. We expect that they will not only remain as declarations, but that those who violated the relevant decisions will be investigated and punished. Violation of sanctions has already been criminalised in Cyprus and the institutional framework has become even stricter. Transparency everywhere and for everyone, across Europe.