President says there will be further Cyprus-US cooperation on sanctions
President Nikos Christodoulides said on Tuesday that announcements will made later in the day over further Cyprus-US cooperation on sanctions, following more sanctions issued on the matter a day ago.
Speaking ahead of a cabinet meeting, the president said that new sanctions were imposed by the US on Monday, adding “today there will be new announcements regarding our cooperation with the US on the issue of the sanctions”.
On Monday, a Cyprus-based company was sanctioned by the US for its links with Russia’s financial sector.
Tokentrust Holdings with a registered Limassol address was added to the Office of Foreign Assets Control (OFAC) list of designated entities.
The company is listed on OFAC’s list at Limassol address Lara Court, Arch. Makariou Iii 276, which is the Tsirides Law Firm.
US ambassador to Cyprus Julie Fisher posted on X that one of the 13 sanctioned entities is Cypriot registered.
“The US appreciates the close cooperation with Cypriot authorities to hold sanctions evaders to account.”
According to OFAC, the company was established on June 11, 2020. It is the majority shareholder of Atomaiz, a Moscow-based fintech company.