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Friday, March 27, 2026
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Tag: Maria Martini

Interesting 60 Minutes Story: Searching For The Money Of Russian Oligarchs In Cyprus

After the Soviet Union's collapse, Russian oligarchs flocked to Cyprus, not for its picturesque beaches but for its favorable financial environment. Alexandra Attalides, a local expert, suggests that Cyprus provided a sanctuary for oligarchs to safeguard their assets. The island's low tax rates and lax banking regulations made it an attractive destination. An interesting 60 Minutes report explains the background to the Russian invasion of Cyprus.