According to Politis, the USA will send a group of 24 law enforcement officers to Cyprus to assist authorities in the investigation of 29 cases related to sanctions against Russia.
The Cypriot government has instructed the banking sector to halt all transactions in rubles “for preventive purposes”. Politis reports this.
Important
The report also noted that law and accounting firms were also examined for abuse of the expedited business registration procedure. According to journalists, Russians use such services to obtain residence permits and work permits in Cyprus.
The government uses the doctrine of “pressure and prevention” to reassure the public that it will do whatever is necessary to restore Cyprus’ reputation.
According to the publication, the USA will send a group of 24 US law enforcement officers to the country, including the FBI and FinCen. Their main mission is to assist the Cypriot authorities in the investigation of 29 ongoing cases related to sanctions against Russia.
The fall of the ruble in Russia
In the summer of 2023, serious changes began in the financial market in Russia. The sharp fall of the ruble against the dollar affected the economy. Already on September 9, the price of the American currency rose to 98.54 rubles per dollar. This is the highest figure since August 15. In addition, the euro exchange rate against the Russian currency increased to 105.68 rubles per 1 euro.
From September 14 to September 22, the Central Bank of the Russian Federation sold yuan worth 21.4 billion rubles, compared to 2.3 billion rubles per day. The regulator explained its decision by saying the Russian government must repay $3 billion worth of foreign currency government bonds in the middle of the month.
Let us recall that on December 5, Politico reported that the price limit for Russian oil had not been reached and Moscow continued to receive funds. As Janis Kluge, senior lawyer at the German Institute for International and Security Affairs, explained, the weak ruble and high oil exports will ensure sufficient money flows into the Kremlin budget.
Source: Focus
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