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03 April 2018

The aggregate liabilities of Russian domestic bank clients increased by 13.2% to 12.2 trillion Roubles, the United Credit Bureau (OKB) reported, based on the analysis of loans of 82 million Russian citizens.

28 February 2018

Why do wealthy Russians change their tax residency increasingly often? As the exchange of banking information by OECD standards kicked off it caused an growing demand among Russians on changing the tax residency, the bankers claim. 60% of the wealthy Russian residents are fearing a disclosure of their foreign assets.

31 January 2018

2017 was a year of profound change in home and foreign policy of the Republic of Cyprus. The government signed a memorandum of understanding with Greece, Italy and Israel to support the construction of the East Med gas pipeline, which is to connect new fields in the region with the rest of Europe and as planned should extend over 2,000 km passing through Israel’s Leviathan and Cypriot Aphrodite fields and reaching Greece and Italy.

25 December 2017

Most offshore businesses belong to the US and the UK elites, rather than Russians. Last month, the International Consortium of Investigative Journalism (ICIJ) published a report through a number of international media on the offshore companies around the world.

24 November 2017

More than 300 toxic banks have already been driven from the market by the Central Bank of Russia, dozens are saved including two top-10 institutions. However, the country’s banking system, it turns out, is not doing fine so far: the regulator will have to reduce the number of financial organisations by half in the next four years, experts say.

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