Cypriot lessons in courting the Russian Bear

Cyprus is not the only island nation to roll out the red carpet for Russia’s riches. Since the Soviet Union’s collapse, London has welcomed Russian expatriates who made their fortunes plundering the collapsing state, but at what cost, asks a British journalist.

An island state advertises itself as the destination of choice for the super-rich – mainly from Russia – to launder their money and reputations, while enjoying the high life and low taxes. Then it discovers all is not what it seems. Continue reading