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Russian coin: Hundreds of billions flow through Cyprus due to tax treaty (Photo: Yuri Samoilov)

Investigation

Cyprus: Russia's EU weak link?

Five years and €10bn of taxpayer's money after its EU bailout and Cyprus is still a "weak link" in Europe's banking system, its critics say.

Its lax attitude to suspicious Russian money posed a threat to other countries' banks in the single market and created hazards for European democracy, experts said.

Cyprus' special relationship with Russia has also seen it break EU ranks in an international criminal justice affair, posing questions on constitutional order in the island repu...

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