Some, targeted by the sanctions, took shelter in the northern part of the island occupied by the Turks. A shortfall for Nicosia.
Athens
The atmosphere hovering over the seaside town of Limassol, nicknamed “Limassolgrad”, the economic capital of Cyprus, is increasingly strange. Tourists, including many Britons and Russians, certainly continue to bask on the beaches with crystal clear waters or enjoy the nightlife. But as you walk through the city, you feel a void. The buildings under construction have stopped their work, traffic is strangely fluid and many shops have closed. “For sale” or “For rent” signs, in English, in Cyrillic characters and less often in Greek, have been popping up in recent months.
This is a direct effect of the European economic sanctions imposed on Russia since the start of the war in Ukraine. Today, these Russians are massively deserting Cyprus and interrupting their projects, for lack of access to their cash, their bank accounts being frozen. Many take the direction of the north of the island, occupied by the Turkish army…
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