Risky Russian and Ukrainian Business Dealings Dwindle With Cypriot Banks That Adhere to Sanctions

Risky Russian and Ukrainian Business Dealings Dwindle With Cypriot Banks That Adhere to Sanctions

NICOSIA, Cyprus (AP) — Cyprus banks said Friday their exposure to risky Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts amounting to 2 billion euros ($2.17 billion) in the year after Moscow’s 2022 invasion of its neighbor as they adhered to sanctions that the ... continue reading...