Comparing Cyprus and Russia FDI data. Do they tell us anything meaningful? Read our free insights

Russia sanctions: what is the impact on Cyprus?

We have updated our February Special Report on the impact of Russian sanctions on the Cyprus economy. It includes our estimates for the impact on operating income at Bank of Cyprus and Hellenic Bank, the contribution of Russian business to Cyprus GDP, the impact on the economy and more.

UPDATE: This Special Report on the impact of Russia sanctions contains the following:

  • The estimated hit to Bank of Cyprus and Hellenic Bank of Russian sanctions.
  • The estimated hit to the broader economy (impact on GDP growth).
  • An estimate of the value of Russian business to the broader Cyprus economy.
  • Data on FDI to and from Russia (and why they are problematic).
  • Data on exports of services to Russia.
  • Data on imports of hydrocarbons from Russia.

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