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Cyprus was already a hotspot for Russian tourists and investors (Photo: Marco Fieber)

EU monitoring Cyprus passport sales

The European Commission has said it is in a "dialogue" with Cyprus amid concerns on loopholes in its passport sale scheme.

A Commission spokesman said on Monday (18 September) that the EU executive started the talks in 2014 to make sure that a "genuine link" existed between buyers of Cypriot passports and the island state.

"As a result of this dialogue, Cyprus revised their [passport sale] law in late 2016", but the "dialogue remains ongoing," he said.

He noted that issui...

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