https://knews.kathimerini.com.cy/en/news/versailles-summit-eu-to-boost-military-support-to-kyiv-mulling-new-sanctions
European Union leaders said on Friday they will continue applying pressure on Russia by devising a new set of sanctions to punish Moscow for its invasion of Ukraine while stepping up military support for Kyiv....
https://knews.kathimerini.com.cy/en/news/europe-s-banks-reveal-billions-worth-of-russia-risk-as-sanctions-bite
Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at the end of 2021, the latest European bank to reveal the size of potential losses as Western sanctions shut Russia out of the global financial system....
https://knews.kathimerini.com.cy/en/business/s-p-downgrades-rcb-places-bank-on-creditwatch-with-negative-implications
Rating Agency Standard and Poor’s downgraded RCB bank’s long-term lender rating to `B+` from `BB-` and placed its ratings on CreditWatch with negative implications,...
https://knews.kathimerini.com.cy/en/news/eu-sanctions-14-more-oligarchs-blocks-transactions-with-belarus-central-bank
The European Union has agreed to impose sanctions on 14 more Russian oligarchs, freeze relations with Belarus’ central bank and curb three top lenders in that country, the EU Commission said on Wednesday....
https://knews.kathimerini.com.cy/en/news/people-around-the-world-are-booking-airbnbs-in-ukraine-but-they-don-t-plan-to-check-in
One of the social media influencers behind the Airbnb effort also has encouraged his followers to patronize Ukrainian merchants on Etsy but ask sellers not to ship any goods. Etsy has announced it's canceling the current balances and fees owed by all sellers in Ukraine....
https://knews.kathimerini.com.cy/en/news/italy-seizes-oligarchs-villas-and-yachts-to-put-pressure-on-russia
Italian police have seized villas and yachts worth 143 million euros ($156 million) from five high-profile Russians who were placed on sanctions lists following Moscow's attack on Ukraine, the government said on Saturday....
https://knews.kathimerini.com.cy/en/news/op-ed-our-strength-is-our-unity-putin-chose-war-we-stand-with-ukraine
An op-ed by US Ambassador to Cyprus, Judith Garber...
https://knews.kathimerini.com.cy/en/news/new-covid-relaxations-announced-today
The session of the Council of Ministers which began at 10 am this morning ended shortly after noon today followed by an announcement of new relaxations to the covid restrictions in Cyprus....
https://knews.kathimerini.com.cy/en/business/russian-bank-subsidiary-in-europe-collapses
While the Moscow Stock Exchange remains closed for a third straight day and the ruble is losing value inside and outside Russia, heading back to Monday's record low again, the ECB yesterday confirmed the first bankruptcy of a subsidiary in Europe caused by sanctions and massive withdrawals. ...
https://knews.kathimerini.com.cy/en/news/petrides-cyprus-banks-are-safe-from-exposure-to-russia
The economic sanctions imposed against Russia following the invasion of Ukraine are not affecting Cyprus to a large extent as the island’s banking system has no exposure to Russia...
https://knews.kathimerini.com.cy/en/news/the-us-joins-canada-and-the-eu-in-banning-russian-aircraft-from-its-airspace
President Joe Biden announced during Tuesday night's State of the Union that the US will ban Russian aircraft from US airspace, joining a growing number of countries who are closing their skies to Russia following President Vladimir Putin's invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/at-least-five-oligarchs-have-bank-accounts-in-cypriot-banks
In Cyprus, five oligarchs from the EU list
What emerges from the investigations of Cypriot banks for the lists of the European Council which includes 50 persons...
https://knews.kathimerini.com.cy/en/news/western-businesses-flight-from-russia-continues
Russia’s business rupture with the West grew wider Monday as Shell, General Motors and others announced plans to end or freeze their dealings with the nation after its invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/anonymous-group-takes-down-three-russian-news-websites-after-attacking-kremlin-backed-channel-rt
Anonymous collective have taken down three Russian news agency websites after attacking Kremlin-backed channel RT....
https://knews.kathimerini.com.cy/en/news/i-need-ammunition-not-a-ride-zelensky-blasts-biden-for-offering-to-evacuate-him-from-kyiv
Ukrainian President Volodymyr Zelensky told President Joe Biden 'I need ammunition, not a ride,' when offered the chance of a US-backed evacuation....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-freeze-assets-of-putin-lavrov
As the Ukraine crisis escalates since Russia invaded the country on Thursday following President Vladimir Putin's announcement of "military operation", ...
https://knews.kathimerini.com.cy/en/news/russian-forces-continue-to-pound-kiev
Missiles pounded Kyiv on Friday and families cowered in bomb shelters as Russian forces pressed their advance and authorities said they were girding for an assault aimed at overthrowing the government....
https://knews.kathimerini.com.cy/en/news/i-am-target-number-one-zelensky-says-russian-special-forces-kill-squads-are-inside-kyiv-video
Ukraine's president has admitted that he is 'target number one' for Russian assassins in his capital but insisted that he remained in Kyiv as he urged his fellow citizens to remain strong.
...
https://knews.kathimerini.com.cy/en/news/i-will-not-be-diplomatic-on-this-ban-russia-from-swift-ukrainian-foreign-minister-dmytro-kuleba
As it meets to decide sanctions against Russia for its invasion of Ukraine, the EU is divided over whether to cut Russia off from SWIFT, a high-security payment network that connects thousands of financial institutions around the world....
https://knews.kathimerini.com.cy/en/news/eu-poised-to-announce-wide-ranging-sanctions-against-russia-over-ukraine
Russia’s defense minister, Sergei Shoigu, the commanders-in-chief of the Russian air force and the Black Sea fleet, leading state “propagandists” and 351 Duma deputies are expected to be targeted in EU sanctions announced on Wednesday....
https://knews.kathimerini.com.cy/en/news/pm-unveils-sanctions-on-five-russian-banks-and-three-high-net-worth-individuals
Boris Johnson today announced sanctions on five Russian banks and three 'high net worth' individuals in the first 'barrage' of the Western response to the invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/ukraine-russia-crisis-what-to-know-in-the-escalating-crisis
From a hastily-convened meeting of the United Nations Security Council to capitals around the world, leaders have condemned Russian President Vladimir Putin’s recognition of two pro-Russia regions in eastern Ukraine as independent and his order to send troops there....
https://knews.kathimerini.com.cy/en/news/historic-leak-of-swiss-banking-records-reveals-unsavory-clients
Despite two decades of pledges by Credit Suisse to crack down on illegitimate funds, data leaked from the bank reveals that it catered to dozens of criminals, dictators, intelligence officials, sanctioned parties and political actors with outsized wealth....
https://knews.kathimerini.com.cy/en/business/cyprus-reaches-new-record-in-number-of-investment-funds-€8-74-billion-in-total-assets
The number of Investment Funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching €8,740.4 million, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/ukraine-shows-unity-as-west-sees-no-sign-of-russian-pullback
Ukrainians defied pressure from Moscow with a national show of flag-waving unity Wednesday, while the West warned that it saw no sign of a promised pullback of Russian troops from Ukraine’s borders despite Kremlin declarations of a withdrawal....
https://knews.kathimerini.com.cy/en/business/digital-ruble-trial-goes-live-as-bank-of-russia-insists-on-bitcoin-ban
Amid more reports on the Bank of Russia rejecting the Finance Ministry’s proposal of cryptocurrency regulation, the central bank has kicked off trials of its own digital currency....
https://knews.kathimerini.com.cy/en/business/alpha-bank-group-sells-€2-4-billion-npl-and-real-estate-portfolio-in-cyprus
Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of 2.4 billion euro....
https://knews.kathimerini.com.cy/en/news/peo-concerned-about-increase-in-fuel-and-basic-consumer-products
The Pancyprian Federation of Labor (PEO) has expressed its concern about the continuous upward trend in fuel prices, which, as it notes, "will add to the cost of basic consumer products"....
https://knews.kathimerini.com.cy/en/business/credit-suisse-faces-money-laundering-charges-in-bulgarian-cocaine-traffickers-trial
Credit Suisse faced charges in a Swiss court on Monday for allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases....
https://knews.kathimerini.com.cy/en/business/interest-rates-on-corporate-deposits-are-at-a-new-low
Interest rates for corporate deposits fell to a new historical low, which in December 2021 stood at 0.02%, while the interest rate for household deposits remained unchanged at 0.06%....
