Cyprus Confidential

An investigative report details how Cyprus evolved into a hub for Russian wealth, with local service providers—bankers, accountants, lawyers—helping oligarchs structure and obscure assets, even amid growing EU sanctions after 2022. Citing more than 3.6 million leaked documents analyzed by ICIJ and partners, it highlights the breadth of Russian clients and offshore structures on the island, including hundreds of companies and trusts tied to sanctioned individuals, and compiles related reporting on Cyprus’s nexus with Russian interests.