Companies category powered by

US sanctions two Cyprus-based companies 'for supporting Russia'

07:40 - 13 January 2025

Companies Reporter

Two Cyprus-based companies have been included in the latest round of sanctions imposed by the United States on entities supporting Russia's offensive against Ukraine.

US Ambassador to Cyprus, Julie Fisher, says in a recent post on platform X that ''USA has sanctioned over 400 entities across 16 countries tied to Russia’s energy sector for supporting Putin’s illegal war in Ukraine, the latest round includes 2 Cyprus-based companies''.

''USA and Cyprus continue to work together to support Ukraine,'' the Ambassador concludes.

The US Treasury Department says in an announcement that Kru Overseas Limited is a Cyprus-based subsidiary of Kuzbassrazrezugol. The other company is Lagosmarine Ltd.

(Sources: CNA/X)

News Feed

Read More

DP World surpasses 100 million TEUs handled landmark
US sanctions two Cyprus-based companies 'for supporting Russia'
Aegean Airlines in talks with Hermes Airports to increase number of routes to and from the island
CYPET: The family-run business that has set out to revolutionise the PET industry with its innovative machines
Eleni Kaloyirou initiates "meaningful discussions about enhancing and strengthening our tourist product"
Hermes Airports: Repositioning Cyprus on the tourism map as a year-round destination
Strategic merger between Pyrgou Vakis LLC and Prountzos & Prountzos LLC
Demetra decides to sell 21.3% Hellenic Bank stake to Eurobank
Balram Chainrai’s stake in “Rodon” exceeds 30%
Wizz Air announces Cabin Crew Open Day Recruitment events