Cyprus: A hiding spot for Russian money | 60 Minutes
Since the fall of the Soviet Union, the tiny island country of Cyprus has been a destination for Russian oligarchs looking to hide their wealth. But with Russia’s invasion of Ukraine, officials are working to seize those assets.
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Пікірлер: 283
60 minutes should do one on the UK - that should take a few episodes
@ikku4321
3 ай бұрын
My guess would be that every EU country that leans nowadays right has a 'Cyprus problem'. Principles, holding right-wing ideology alive, don't value human lives nor cooperation but rather money. So it needs a lot of financing to raise to the surface. Secondly it's a perfect divider - we all know the phrase 'divide and conquer'. It sites perfectly with imperialists asperations. When Brexit campaign started all I could see was Russian money. It's wired that no one talked about it, I don't want to believe that there aren't people in UK that follow Russia.
Now do a report about Western oligarchs, thank you
I am not suggesting Cyprus is not such a spot, but it is a tiny player compared to the BIG masters of the money-laundering community, aka UK and its dominions, Luxemburg, etc.
@cambrian5595
Жыл бұрын
Luxembourg is not a British Dominion. Give us Brits some bloody credit 🤣
@panoshountis1516
Жыл бұрын
@@cambrian5595 I am not suggesting it is. There is a comma separator between the countries 🤨
@rccosplay3249
Жыл бұрын
100% truth👍
@rccosplay3249
Жыл бұрын
I agree it's not a British Dominion. He meant the British Dominions AND Luxemburg.
@josipamatic6085
Жыл бұрын
Switzerland
This Cyprus Minister is thrilled to be receiving Russian money. Why would any struggling country deny Russian deposits unless they are heavily sanctioned by the USA.
I moved to live in Cyprus in 2018. All this money brought here by the oligarchs has artificially inflated property prices, so it’s becoming increasingly difficult to buy or rent affordable, decent properties. There are huge luxury mansions standing empty, presumably passport properties. There also seems to be a perception here that properties are worth more than they actually are. So there are many houses for sale that don’t get buyers, and many villas selling for 3m plus that very few locals (or even standard expats) could ever afford to buy. The property market is essentially geared towards rich foreigners. The impact of dirty money coming onto the island is far ranging and can affect residents in many ways.
@Jam43341
Жыл бұрын
Been living out here for a while and the amount of Russian-built mansions around the pissouri/Limassol area is crazy, not to mention the tens of thousands of half-built houses dotted around the island which are just left to rot. Sad sight
@LyndaElliott
Жыл бұрын
@@Jam43341 ain’t that the truth!
@nsaurabh25
Жыл бұрын
@@Jam43341 Russians are building Cyprus instead of Russian. Not surprising.
@effmltalks
Жыл бұрын
As someone who lives here, I can vouch for this. Rent prices are/were ridiculous. You had to search far and wide for those not giving in to the new 'market price'.
@carlosdesousa6712
Жыл бұрын
The CORRUPT government is to blame. Very dangerous indeed, but not unique to Cyprus
The worlds built on giving the rich opportunities the poor don't have, it happens everywhere... even the US. Being found guilty doesn't ride on facts. It rides on how much money the person has to pay for the best lawyers. Look around, this sorta thing is EVERYWHERE and it cant be stopped
@dontbanmebrodontbanme5403
Жыл бұрын
I think we all know this! 😂
It's always been Cyprus attractions, hiding money. One of my college classmates is from Cyprus, it's how I learned about it
Remember that time when then-president-elect Donald Trump appointed the vice chairman of the Bank of Cyprus as the U.S. Secretary of Commerce? Good times.
@cyberpotato63
Жыл бұрын
That would be Commerce Secretary Wilbur Ross (term 2017 to 2020) who was vice-chairman of the Bank of Cyprus immediately before serving in the Trump administration. I don't know what his duties were, whether an inside director or more oriented toward giving the bank political coverage against U.S. and E.U.. oversight. I suspect the latter.
@bobhookstratten9567
Жыл бұрын
That's just one piece of evidence among thousands that Republicans' bank accounts are also hiding spots for Russian money.
This finance minister is my guy 😂 he sounds like a great Swiss bank account
You don't have to go that far, just try the City of London.
What about all the other oligarchs in Florida. What about all the companies who theses cronies have invested/laundered after places like cypress. Come on 60m there is a lot more to this story, what about the FCC, SEC, DOJ on holding up the law.
what about American criminals having money in Panama ?🙂
why the stress on Russian tax evaders, Cyprus is home to tax evaders of all nationalities including US personalities.
Ah yes, the famous 10 unnamed russian oligarchs
Take a shot everytime they say “passport”
Joke . Uk , USA , everywhere else was a wash with Russian money now we’ve all to criticise Cyprus . Politicians playing games as always
I came to Cyprus in 2004 from the UK 🇬🇧. In Cyprus, We use to have the best washing machine in the world for money laundering.!!! They get what they want and we get rich with their money. Almost no poor in Cyprus use so we had so much money we didn't know what to do. Now everything has changed we go back to where we started. We lost our chance to come to 3 times Dubai. Now everything in Cyprus going to be dishonest not being loyal and betraying the trust of the people nowadays Cyprus going downhill. And happening fast than ever.
Not hiding money. It's a "special monetary operation."
@daniellevin3056
Жыл бұрын
😂😂😂😂😂😂😂😅😅😅 Yes wheel of fortune 😅
i'm in the wrong line of work. lol
Greeks have very favourable views towards Russians. Greece can't really do this themselves without drawing massive scrutiny, but they can pull the strings on Cyprus to help the Russians navigate and access the international economy and systems. It's a win-win, especially for Cyprus.
@katyja8812
Жыл бұрын
You must mean, the "leaders" of Cyprus.. Greece.. (only) I am sure that the citizens of Greece are not benefitting from any of this. Greece was/is having it's own political issues.. and a lot of their citizens have suffered..
@adrianpetasis7439
Жыл бұрын
The reason greeks ever had a relationship with Russia is because the ultra religious felt a connection as an “orthodox brotherhood” between the two people. Besides this, Cyprus also has had a problem with communists in government who would be Russia/Soviet Union fanboys which is the reason the US supported Turkey in the 1974 invasion of Cyprus(essentially just supporting the side who had a lower chance to become communist). Due to this, short-sighted Cypriots who saw the Turkish army with US support committing genocide and war crimes while invading their island became very anti-west. It’s a problem us Greek Cypriots still face as those who see Russia for who they are, a shell of the Soviet Union who are doing to Ukraine what Turkey did to us are fighting against the misguided Greek Cypriots who still retain some sort of loyalty and admiration towards Russia and the current regime.
@trentpettit6336
Жыл бұрын
@@adrianpetasis7439 How do the Greek Cypriots feel about the conflict between Israel and Palestine?
@warrrior1557
Жыл бұрын
@@trentpettit6336 it’s kinda neutral I think
@linkme2dnet
Жыл бұрын
@@trentpettit6336 Israel is the closest thing to an ally to Cyprus in that region. And maybe to some extent Egypt. otherwise its sovereignty always hangs by a thread.
"A Spider's Web: Britain's Second Empire" is decent documentary about tax havens and the paradise/panama papers... Red Square, or the more colloquial 'london laundromat' or 'Londongrad' in London is also a pretty interesting place to learn about...
@arl3761
Жыл бұрын
Brill confirmation of what I believe the rich r always in the take!
@bonniedrasco8166
Жыл бұрын
Excellent
Real reporting
Facilitators? law firms, and governments especially!
EU countries puts tons of regulations on British who were legally resident in Europe prior to Brexit complicating their lives, but then they allow any rich Russian criminal into Europe? 🤢🤮 I have just lost total respect for Europe.
@carlosdesousa6712
Жыл бұрын
Very good point. Typical double standards, but more about "The golden rule - he has the gold, makes the rules ' .
@baqaqipekhebi7148
Жыл бұрын
@Daniël you didn’t even watch the video. Your comment is completely illogical!
@dr.perfectsmile4175
Жыл бұрын
UK puts lot of pressure on EU citizens living in the UK too, nothing to do with Russians.
Factually incorrect... Last year vacation in Cyprus, in pathos u can see ads everywhere, stating " BUY PROPERTY FOR 250.000 EU, to get the passport"... Official ads on the bus stops and so .... Not 2,5mil
Lol the pfizer at the end got me 😅
Switzerland is a much bigger, convoluted version of Cyprus
I live in Cyprus and working as a taxi driver. We still take lots of Russians to make new passports even tho government said they stopped this "investment program" in 2020,but that's a lie. 😀 You can even change the name of you want
Who gave the US the role of world police man ?
Oh, like she didn’t know they were criminals. Mhhm… Well it’s not so secret anymore…
Russians: habibi come to dubai 👀
@justaservant666
Жыл бұрын
😂😂 This is so accurate.
We all have secrets do you?
Now do a show on Russian oligarch money awash in London for the past two decades
Old news! Cash for passports scheme had to be closed down after pressure from the west due to the Ukraine conflict! Limassol grad is still home to the Russians now!😂😂
In Cyprus wi don't have government wi have mafia but the same it's happening in Turkey in London in Dubai in Miami+++++
Well, at least olive oil is cheap.
I sold my holiday home in Ayia Napa in 1991. I saw the invasion of Russian money, most illegally acquired, and got out. Yes I made a decent profit on the sale..
The money you have, the money you aquire.
Sounds like a pirate story
This is older than Grand Theft Auto
Thank you for sharing this information.
@alexgoslar4057
Жыл бұрын
@Slo Mo Corruption is embedded in nature's DNA. Even animals are corrupt. It is in some ways connected with embellishing selfesteem.
Wow Russia.. Russia... Russia . So what! Why don't you just leave people alone and focus on your own business. MYOB!!!
Seems Greece shouldn't be a EU member, period.
@chriscommons7915
Жыл бұрын
Greece has paid back most of its debt and its economy is doing well. Better than the UK
Good ☔🌧️ Rain Ent LLC
hence SVB was scuttled?
When Everything is a Crime
The Minister of finance disagrees at 13.27
I thought the hiding spot was Miami and NYC…
Lived in Cy for 12 years, it is one of the most corrupt countries I have ever seen. I know people that literally killed other people and got away with it because they have money. Law is fo the mediocre life there, otherwise, they all save each-others.
Wow frfr
I thought that was Spain? Marbela to be specific?
It's an open secret that dodgy money is parked in Cyprus.
Hmm. Whatever their wealth. They need to look around the shoulder - pemanently.
Not only music but film industry also. Listen to Wesley Clark Jr . American Psyop.
I’m wondering what the bank did to this guy…. Banks are becoming worse and worse
The ‘proceeds’ 😂 lol they’ll be sold for .50/dollar to a Chinese LLC now. Wow, huge win guys, thanks
One of many destinations of the Riches
This ain’t Barbara walters ?
How much Rothschild money is in Cyprus ??? How much Lucien Grainge money is in Cyprus ?? How much Len Blavatnik money is in Cyprus ?
@pt68picaso
Жыл бұрын
Not that much as once was.
@energyideas
Жыл бұрын
Deflect to email server.
@DiviAugusti
Жыл бұрын
HUNTERS LAPTOP
@bikedawg
Жыл бұрын
$3, $2, and $1, respectively.
Anyone else just annoyed by the word “Oligarch”? Just me? I can’t stand the word slack either…
Issued passports in 2014 & they don't have to renew them ever? & the guy that owns a arm's facility isn't one to worry about. Find the one supplying the shovels to dig the trenches & you'll make some headway
And Wilbur Ross?
Why is the host dressed like Elizabeth H from Theranos...
2050: "60 Minutes has learned Elysium is storing Russian Olygarch's tenths of trillions $. We were unable to verify due to non residents space ships being off limits to Elysium. Details at 11."
ICIJ has started releasing Cyprus Confidential stories
It remains only to be happy for Russians and my advice no to be envy if you don't let to buy something in Cyprus. By the way Russians keep travelling to Cyprus nowadays I know it exactly because I'm Russian myself. Hello from Russia 🇷🇺
i always laugh when the americans call them "oligarchs" lol typical western word play
@Arissef
Жыл бұрын
I agree. "Thieves" would be a more down-to-earth description.
"ONE DAY SUMTHIN UH HAPPEN"
Boohoo now do the Clinton's,the Bush,the Obama....
This happends around the world, is it because Russia invested in Cyprus the reason for digging this up?
But not the US cannabis industry?
It’s funny to me that American 60 minutes leaves comments turned on but 60 minutes Australia dosent. Sounds like they are worried about what people will say. And I feel like American 60 minutes wants to know what we say.
Organized Crime Pays......... Album coming soon
It's a good story in that it was done well. It's a crappy story in that it revolves around wealth, and criminals - two of the most boring topics. It's time to ditch money and work together.
@fugamante1539
Жыл бұрын
“Boring”-exactly what the greedy wants the rest of us to think about them.
@vanesslifeygo
Жыл бұрын
The rich don't want you to touch their money for even a second, like it's their body. Like it's greater than their lives. They'd never allow an uprising.
@albear972
Жыл бұрын
I like wealth when done honestly. I wouldn't like communism as you describe.
The hypocrisy here is astounding, there is much more dodgy ex-Soviet money in London, Netherlands, Switzerland & Liechtenstein than Cyprus! Cyprus' business centre model is modelled after the Dutch one after all!
Sponsored by Pfizer 🤣
Not just Russian oligarchs also New York stockers and Americans who don’t want to pay there pair share of taxes
Who cares, those without sin cast the first stone......
says the country that it’s own president Trump liked Putin!🤣🤣🤣
,the world is a circus .
Outstanding job on the part of the USA. I never knew how sanctions worked up. People in general think that their slick sending their girlfriend to have their babies born in the USA. Thank goodness for the costume department stopping that Russian guy
@alexaaplay7848
Жыл бұрын
u cant even spell customs
@miked451
Жыл бұрын
Costume department 😂😂😂
@Strangernightg
Жыл бұрын
@@alexaaplay7848 I might not have spelled it right but you understood what I said that's why you responded to my comment 🤣🤣 so the joke is on you 🤣😂😂😂😂😂😂😂😂😂😂😂
@Strangernightg
Жыл бұрын
@@miked451 Don't tell me you have a problem with my spelling too . Let me know.
@miked451
Жыл бұрын
@@Strangernightg No problems, just made me chuckle, thanks.
Like Andy Rooney used to say there's a rest of the story to this and I would be very interested in having my story put on 60 minutes
@Me97202
Жыл бұрын
It wasn’t Andy Rooney with the rest of the story… It was Paul Harvey
@bettyboop-xg6jo
8 ай бұрын
What is your story?
International tax lawyer here. Cyprus used to be a hiding spot for money until the "buy in" ten years ago. We got our money out just in time. Now I laugh when the Cyprus guys come around marketing their country.
Power corrupts.
EVRAZ Steel Russian Oligarch Abramovich, who owns a 28.6 per cent stake.
Russian is treated not just to Ukrainian but to all over the world now and china don't stay behind.
people act like the average person lauded money. just a poor excuse to control people.
Are we getting ready to justify invading Cyprus ? Asking for a friend.
Its not just russians
😥
Throw Cyprus out of the EU
@rti512
Жыл бұрын
L cannot wait for that time Europe it's a joke end a mafia group
This stuff is so petty. Lawyers going around trying to get others peoples assets because their egos have been damaged. Losers.
Aphrodisiac is from there so everything checks out & citizens by investment progrum?? Perfect!
Der beste Ort für zusammen Arbeit der EU und seinen Freunden
I no longer fly to Cyprus to rest, because every second Russian I meet there is treated like a host.
Damm putin is nuts
Both partner deicide and choose own one..
SO..! What is your problem ,with this ? Russia was always by the side of Cyprus Help the island a lot. Actually ,here we thank the Russian foreign minister mr.Lavrov. With the beginning of their illegal invasion against Ukraine, the man mentioned about the Cyprus issue, and how all those western countries hypocrites are still have their eyes,ears and Mouths completely shut about
@user-mm2yy4ve2n
4 күн бұрын
So.. Tell me ..PLEASE love . In all of your career, have ever work, or mentioned about the Cyprus issue ? What do you know about it ?
How to solve The Debt(Bad) Debt=30B Yield=6% Year=30 Debt(30 Year)=30B*1.06^30 Debt(30 Year)=200B Loan=100B=100% Yield=6% Year=30 Loan(30 Year)=100B*1.06^30 Loan(30 Year)=600B Payout(30 Year)=2000B { Debt(30 Year)=200B Loan(30 Year)=600B Income(30 Year)=1200B } Insurans: Payout(30 Year)=2000B Premium=? Yield=12% Year=30 Premium=2000B*1.12^30 Premium=70B(Cash=30B) { Loan=100B=100% } Cash=30B { Invest=30B Dividen=5%=1.5B Expenditure=? } Thank you.
This report is just a hit piece on an easy target, This is a deflection from the real culprits of the Russia - Ukraine conflict.