Cyprus and the Russian Federation have signed a bilateral loan agreement worth €2.5 billion, with the first installment due before the end of the year. The €2.5 billion loan agreement, valid for 4.5 years, with a nominal annual yield of 4.5 per cent was signed by Finance Minister Kikis Kazamias and Russian Deputy Finance Minister [...]
In an Opinion commissioned by the Republic of Cyprus and signed by Professors Amerasinghe, Dugard, Pellet, Schabas, Tomuschat and Sir Ian Brownlie, the international jurists have concurred that the well-established rule of customary international law that in case of injury to an alien, local remedies must be exhausted before international proceedings may be instituted, is not applicable [...]
The Russian Federation and the Republic of Cyprus have signed a new double taxation protocol which secures Cyprus’ removal from the ‘blacklist’ of jurisdictions which have not demonstrated a sufficient level of cooperation with the Russian tax authorities. The existing tax treaty between Russia and Cyprus has been one of the major reasons for the huge [...]
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