Cyprus’ president, Nikos Christodoulides, has personally requested an unnamed “third country” send an experienced team of financial crime experts to assist with investigations into old and new allegations regarding Russian oligarchs evading international sanctions.
This comes after a global investigation by the International Consortium of Investigative Journalists (ICIJ) released last week revealed how Russian influence in Cyprus has helped oligarchs and billionaires structure their wealth over the years in the lead up to the 2022 full-scale invasion of Ukraine.
According to Ekathimerini, President Christodoulides told The Associated Press on Monday that “many” probes into alleged sanctions evasion are currently running but did not disclose details.
President Christodoulides stated that recruiting foreign experts will advise Cyprus on how to conduct their investigations more effectively.
“Our aim is exactly so that there are neither insinuations or any shadows cast over our country’s name,” President Christodoulides said.