Ad
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...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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

Tags

Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Ad

Related articles

Ad
Ad