Small Nation, Big Dilemma: CypRUS Or CyprUS? [Forbes]
The Bank of New York Mellon Corporation (BK)
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Source: Forbes
Russian President Vladimir Putin, right, and Cyprus' President Nicos Anastasiades applaud after their talks in the Kremlin in Moscow, Russia, Tuesday, Oct. 24, 2017. Recently the Cypriot president met with Donald Trump in New York. (Sergei Chirikov/Pool Photo via AP) Cyprus is embroiled in a balancing act, trying to mediate its relations with both Russia and the US without isolating either party (or, to be more accurate, for fear of being isolated by either party). But is the small island nation’s big dilemma an example of trying to have its cake and eat it too, and what are the consequences of this? But, first, a little history lesson… It was sometime in the mid-nineties when some veteran Cypriot lawyers and accountants decided to visit Russia and present Cyprus as the ideal destination through which Russian oligarchs could channel their fresh money. From Moscow to Siberia, said Cypriots championed the country’s advantageous circumstances: in essence,
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