https://knews.kathimerini.com.cy/en/news/russia-targets-new-cities-and-calls-on-foreign-‘volunteers-to-join-fight
Russia launched airstrikes deeper into Ukraine and called on foreign “volunteers” to join its war on Friday as Moscow stepped up unfounded allegations over chemical weapons threats.
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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/finance-minister-concerned-over-rising-energy-and-grain-prices
Finance Minister Constantinos Petrides said today that he is concerned about the rising prices of grain and energy and the possibility of 'stagflation', but excluded the possibility of the Cypriot economy slipping into recession....
https://knews.kathimerini.com.cy/en/news/russian-economy-in-shock-from-unprecedented-economic-war-kremlin
The Kremlin said on Thursday that Russia's economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an "absolutely unprecedented" economic war being waged against Moscow....
https://knews.kathimerini.com.cy/en/news/up-to-10-cents-more-for-oil-and-gas-from-today
An increase in the price of fuel is expected to begin today. The deputy director of the Consumer Protection Service, Antonis Ioannou, told Kathimerini...
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/uk-freezes-assets-of-roman-abramovich-and-6-other-oligarchs-banned-from-travel
Roman Abramovich is among seven oligarchs to be hit with an asset freeze and travel bans under brutal new UK sanctions unveiled today....
https://knews.kathimerini.com.cy/en/news/russia-will-default-on-its-debts-imminently-fitch-ratings-agency-has-warned
Russia will default on its debts 'imminently', a leading credit rating agency has warned, as sanctions over Ukraine continue to pummel the country's economy....
https://knews.kathimerini.com.cy/en/news/us-to-ban-all-russian-oil-imports-reports-say
Joe Biden has decided to ban Russian oil imports to America in a dramatic ratcheting up of the economic squeeze on Vladimir Putin’s regime, according to reports from the US....
https://knews.kathimerini.com.cy/en/business/five-female-run-businesses-using-design-to-create-a-waste-free-world
From ‘collaborating’ with bacteria to make material for trainers, to ‘unplastic’ made from brewery waste, these female-founded businesses enlist the power of creativity to do away with waste....
https://knews.kathimerini.com.cy/en/news/a-ban-on-golden-passports-and-the-ukrainian-crisis-on-the-agenda-at-eu-plenary
The European Parliament is scheduled to have its plenary session this week from the 7th to the 10th of March in Strasbourg. On the agenda will be, most importantly, the Ukrainian issue as well as a discussion on an EU-wide ban on citizenship by investment schemes....
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/two-ministerial-commitees-established-to-monitor-impact-of-ukraine-crisis-on-cyprus
At a meeting chaired by President Nicos Anastasiades today at the Presidential Palace, two ministerial committees were established to monitor the effects of the Ukraine crisis on Cyprus....
https://knews.kathimerini.com.cy/en/news/karousos-the-russian-and-ukrainian-markets-are-lost-for-this-year
An action plan for replacing the lost tourism from the Russian and Ukrainian markets is being prepared according to the Minister of Transportation, Communications and Works Yiannis Karoussos....
https://knews.kathimerini.com.cy/en/news/unemployed-persons-in-cyprus-increased-to-15-364-in-february
Officially registered unemployed persons reached 15,364 in February, according to data from the District Labour Offices....
https://knews.kathimerini.com.cy/en/news/fuel-tax-to-be-reduced-by-7-cents-per-liter
Cyprus Finance Minister Constantinos Petrides announced on Thursday a reduction in fuel tax following a Cabinet meeting, at the Presidential Palace....
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/israel-reassures-nicosia-ahead-of-ankara-trip
Israeli President Isaac Herzog traveled to the Republic of Cyprus on Wednesday to reassure Nicosia their “strategic relationship” would not be torn down in light of his impending visit to Turkey, with the guest joining his host Cypriot President Nicos Anastasiades in condemning Russia over Ukraine and a strike near a Jewish memorial...
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/business/alexis-pantazis-and-emilios-markou-of-hellas-direct-have-been-named-ey-entrepreneurs-of-the-year-for-2022-in-cyprus
This prestigious award for entrepreneurs was presented for the first time in Cyprus. Winners will represent Cyprus at the EY World Entrepreneur Of The Year™ Awards in Monte Carlo, in June 2022
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https://knews.kathimerini.com.cy/en/news/zalensky-makes-impassioned-speech-to-eu-parliament-gets-standing-ovation
President Volodymyr Zelensky today told European leaders Ukrainians are ‘paying the ultimate price to defend freedom’....
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/business/cypriot-npls-unchanged-in-november
Total nonperforming loans (NPLs) in Cyprus’ banking sector saw no significant change in November 2021, reaching 4.24 billion euros from €4.26 billion the previous month, according to data released on Friday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/ruble-in-free-fall-as-sanctions-against-russian-central-bank-come-into-force
European Union sanctions against Russia's central bank have come into force after they were published in the EU Official Journal in the early hours of Monday, leading the ruble to fall sharply.
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https://knews.kathimerini.com.cy/en/news/in-historic-shift-germany-ramps-up-defense-spending-due-to-russia-s-ukraine-war
Chancellor Olaf Scholz on Sunday announced a major boost to German military spending in the latest of a series of dramatic moves reversing decades of Germany’s post-Cold War foreign policy in just a few days....
https://knews.kathimerini.com.cy/en/news/graffiti-and-ukrainian-flags-abound-in-limassol-in-show-of-support-images
In a show of support from locals, graffiti protesting Russia's barbaric moves, which seemed to have popped up overnight, were seen around Limassol. Ukrainian flags were also seen flying from flats in solidarity with the Ukrainian people....
https://knews.kathimerini.com.cy/en/news/ukraine-multinational-companies-suspend-their-operations-in-wake-of-russian-inavsion
One company after another has decided to suspend its activities in Ukraine in the wake of the Russian invasion of the country and the uncertainty it has caused in international markets....
https://knews.kathimerini.com.cy/en/news/the-new-and-improved-covscan-cyprus-ready-for-use
The Deputy Ministry of Research and Innovation has finalized the changes needed in the app to automatically recognize the new health protocols in place for establishments and businesses on the island....
