Risky Russian and Ukrainian Business Dealings Dwindle With Cypriot Banks That Adhere to Sanctions

NICOSIA, Cyprus (AP) — Cyprus banks said Friday their exposure to risky Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts amounting to 2 billion euros ($2.17 billion) in the year after Moscow’s 2022 invasion of its neighbor as they adhered to sanctions that the …

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Author: Associated Press