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Russian coin: Hundreds of billions flow through Cyprus due to tax treaty (Photo: Yuri Samoilov)

Investigation

Cyprus: Russia's EU weak link?

Five years and €10bn of taxpayer's money after its EU bailout and Cyprus is still a "weak link" in Europe's banking system, its critics say.

Its lax attitude to suspicious Russian money posed a threat to other countries' banks in the single market and created hazards for European democracy, experts said.

Cyprus' special relationship with Russia has also seen it break EU ranks in an international criminal justice affair, posing questions on constitutional order in the island repu...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Russian coin: Hundreds of billions flow through Cyprus due to tax treaty (Photo: Yuri Samoilov)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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