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The November edition of the Great Britain – Cyprus Business Gazette features an article by Senior Associate, Kyriaki Stinga.

The European Union has adopted its 21st package of restrictive measures against Russia, introducing significant new sanctions targeting the financial sector, crypto-assets, energy industry, and shadow fleet operations.

Cyprus is investigating whether subsidiaries of the Essar Group may have breached or circumvented EU sanctions through transactions with Russia's VTB Bank. The probe centers on allegations that debt obligations were strategically moved from Cyprus to Mauritius in 2022, potentially to avoid sanctions restrictions.

The law obliges every person or entity in the Republic of Cyprus to abide by and comply with all sanctions or restrictive measures imposed by resolutions of the United Nations Security Council or the European Union.

The US Attorney for the Southern District of New York has issued a press release, providing details of the arrest in Cyprus of Arthur Petrov a Russian-German national in August 2023 for the purposes.

During the last year, sanctions and restrictive measures have been imposed against a number of financial institutions, entities and individuals. Regulators and authorities in Cyprus...

As part of a press conference setting out the various strands of work conducted by the Cyprus Securities and Exchange Commission, information has been provided on sanctions enforcement.

The Department of Merchant Shipping ("DMS") has adopted a new procedure for informing interested parties of United Nations economic sanctions and European Union restrictive measures in the field of merchant shipping.

The Free Trade Agreement between Serbia and China, effective July 1, 2024, opens up a significant opportunity for Serbian businesses.

The end of 2012 marks a great success for Cyprus.

Over the past few years the Department of Merchant Shipping (DMS) has issued a number of orders and circulars informing owners, operators and managers of ships flying the Cyprus flag...

The Department of Merchant Shipping has issued a circular to owners, operators and managers of Cyprus ships informing them of the recent enactment of the Implementation of the Provisions of the United Nations Security Council Resolutions or Decisions (Sanctions) and the European Union Council Decisions and Regulations (Restrictive Measures) Law of 2016.

On July 18, 2025, the Council of the European Union approved the 18th sanctions package against Russia, strengthening efforts to limit Russia's ability to continue...

Head Partner of our Brussels office, Nikos Korogiannakis, and Koralia Kontou, lawyer at our Brussels office, have recently published an article in the Cyprus Mail, on the issue of whether the EU...

The European Union is preparing a significant update to its sanctions strategy against Russia, which is set for adoption by 24 February 2025...

The European Union has adopted 14 sanction packages in response to Russia's full-scale invasion of Ukraine, aiming to minimise Moscow's economic output and its capacity to fund and sustain the conflict.

The European Commission has introduced a new centralized resource to support small and medium-sized enterprises (SMEs) in navigating the complexities of sanctions compliance.

It is noted that sanctions are of strict liability in nature and as such require absolute compliance.