Cyprus: A hiding spot for Russian money | 60 Minutes

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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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Опубликовано:

15 май 2024

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Комментарии : 280

@guydemi4654 Год назад

60 minutes should do one on the UK - that should take a few episodes

@ikku4321 2 месяца назад

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.

@panoshountis1516 Год назад

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 Год назад

Luxembourg is not a British Dominion. Give us Brits some bloody credit 🤣

@panoshountis1516 Год назад

@@cambrian5595 I am not suggesting it is. There is a comma separator between the countries 🤨

@rccosplay3249 Год назад

100% truth👍

@rccosplay3249 Год назад

I agree it's not a British Dominion. He meant the British Dominions AND Luxemburg.

@josipamatic6085 Год назад

Switzerland

@zyubat Год назад

Now do a report about Western oligarchs, thank you

@davidr4523 Год назад

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.

@LyndaElliott Год назад

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 Год назад

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 Год назад

@@Jam43341 ain’t that the truth!

@nsaurabh25 Год назад

@@Jam43341 Russians are building Cyprus instead of Russian. Not surprising.

@effmltalks Год назад

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 Год назад

The CORRUPT government is to blame. Very dangerous indeed, but not unique to Cyprus

@shaneintegra Год назад

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 Год назад

I think we all know this! 😂

@___beyondhorizon4664 Год назад

It's always been Cyprus attractions, hiding money. One of my college classmates is from Cyprus, it's how I learned about it

@Mojogoblue Год назад

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 Год назад

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 Год назад

That's just one piece of evidence among thousands that Republicans' bank accounts are also hiding spots for Russian money.

@theondebray Год назад

You don't have to go that far, just try the City of London.

@Natalyatta Год назад

why the stress on Russian tax evaders, Cyprus is home to tax evaders of all nationalities including US personalities.

@anonobot3333 Год назад

This finance minister is my guy 😂 he sounds like a great Swiss bank account

@fe6646 Год назад

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.

@javierjp8549 Год назад

Ah yes, the famous 10 unnamed russian oligarchs

@jesuskristus18 Год назад

Take a shot everytime they say “passport”

@ishmielknight9191 Год назад

Lol the pfizer at the end got me 😅

@NC-qc7wd Год назад

Facilitators? law firms, and governments especially!

@robertmclean3612 Год назад

Joke . Uk , USA , everywhere else was a wash with Russian money now we’ve all to criticise Cyprus . Politicians playing games as always

@comments.cuestionsandconcerns Год назад

i'm in the wrong line of work. lol

@untouchable360x Год назад

Not hiding money. It's a "special monetary operation."

@daniellevin3056 Год назад

😂😂😂😂😂😂😂😅😅😅 Yes wheel of fortune 😅

@amit4Bihar Год назад

Switzerland is a much bigger, convoluted version of Cyprus

@steven2183 Год назад

"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 Год назад

Brill confirmation of what I believe the rich r always in the take!

@bonniedrasco8166 Год назад

Excellent

@jasoncarr5379 Год назад

Real reporting

@stephanoskritikos8028 Год назад

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.

@baqaqipekhebi7148 Год назад

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 Год назад

Very good point. Typical double standards, but more about "The golden rule - he has the gold, makes the rules ' .

@baqaqipekhebi7148 Год назад

@Daniël you didn’t even watch the video. Your comment is completely illogical!

@dr.perfectsmile4175 Год назад

UK puts lot of pressure on EU citizens living in the UK too, nothing to do with Russians.

@TagmatonDomestikon Год назад

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 Год назад

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 Год назад

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 Год назад

@@adrianpetasis7439 How do the Greek Cypriots feel about the conflict between Israel and Palestine?

@warrrior1557 Год назад

@@trentpettit6336 it’s kinda neutral I think

@linkme2dnet Год назад

@@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.p.3004 Год назад

Who gave the US the role of world police man ?

@miroslavakacurova4762 Год назад

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

@jerryczech953 Год назад

what about American criminals having money in Panama ?🙂

@tushar12345 Год назад

Russians: habibi come to dubai 👀

@justaservant666 Год назад

😂😂 This is so accurate.

@ragdollb9667 Год назад

Oh, like she didn’t know they were criminals. Mhhm… Well it’s not so secret anymore…

@gatim4629 Год назад

We all have secrets do you?

@alexgoslar4057 Год назад

Thank you for sharing this information.

@alexgoslar4057 Год назад

@Slo Mo Corruption is embedded in nature's DNA. Even animals are corrupt. It is in some ways connected with embellishing selfesteem.

@copitzkymichael3313 Год назад

This is older than Grand Theft Auto

@deivisbledis2622 Год назад

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

@rti512 Год назад

In Cyprus wi don't have government wi have mafia but the same it's happening in Turkey in London in Dubai in Miami+++++

@antonychipman3088 Год назад

hence SVB was scuttled?

@CasaMaryParadise Год назад

The money you have, the money you aquire.

@SamTheOldMan Год назад

Now do a show on Russian oligarch money awash in London for the past two decades

@marciabosteder5682 Год назад

Sounds like a pirate story

@KB-ke3fi Год назад

Well, at least olive oil is cheap.

@glenwilson9533 Год назад

Good ☔🌧️ Rain Ent LLC

@Ksn641 Год назад

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!😂😂

@TheHHIPPO Год назад

It's an open secret that dodgy money is parked in Cyprus.

@korodski Год назад

When Everything is a Crime

@thefurse Год назад

Wow frfr

@aqeel-3771 Год назад

The Minister of finance disagrees at 13.27

@eduardotirado839 Год назад

I thought the hiding spot was Miami and NYC…

@user-sn4nm7go3r Год назад

Wow Russia.. Russia... Russia . So what! Why don't you just leave people alone and focus on your own business. MYOB!!!

@SaloestAeslinaydu 8 месяцев назад

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 🇷🇺

@tangozulu9091 Год назад

Not only music but film industry also. Listen to Wesley Clark Jr . American Psyop.

@MENSA.lady2 4 месяца назад

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..

@adriansamsonhiluf7653 Год назад

I thought that was Spain? Marbela to be specific?

@user-mv6he6gl8m Год назад

Hmm. Whatever their wealth. They need to look around the shoulder - pemanently.

@gatecreed8384 Год назад

i always laugh when the americans call them "oligarchs" lol typical western word play

@Arissef Год назад

I agree. "Thieves" would be a more down-to-earth description.

@jonobester5817 Год назад

And Wilbur Ross?

@1RJW381 Год назад

"ONE DAY SUMTHIN UH HAPPEN"

@Francisco-qo1wm Год назад

This ain’t Barbara walters ?

@bam-b-nodenaro1269 Год назад

One of many destinations of the Riches

@vanesslifeygo Год назад

Why is the host dressed like Elizabeth H from Theranos...

@juanmontoya6622 Месяц назад

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."

@blakejacobsen4846 Год назад

The ‘proceeds’ 😂 lol they’ll be sold for .50/dollar to a Chinese LLC now. Wow, huge win guys, thanks

@luistorres5052 Год назад

I’m wondering what the bank did to this guy…. Banks are becoming worse and worse

@DougGrinbergs 6 месяцев назад

ICIJ has started releasing Cyprus Confidential stories

@jeffg4686 Год назад

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 Год назад

“Boring”-exactly what the greedy wants the rest of us to think about them.

@vanesslifeygo Год назад

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 Год назад

I like wealth when done honestly. I wouldn't like communism as you describe.

@johnlabescase5619 Год назад

😥

@ronaldcole7415 Год назад

Seems Greece shouldn't be a EU member, period.

@chriscommons7915 Год назад

Greece has paid back most of its debt and its economy is doing well. Better than the UK

@User-rka_zykx76 Год назад

Anyone else just annoyed by the word “Oligarch”? Just me? I can’t stand the word slack either…

@glennhertel1165 Год назад

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 Год назад

It wasn’t Andy Rooney with the rest of the story… It was Paul Harvey

@bettyboop-xg6jo 8 месяцев назад

What is your story?

@maccodj Год назад

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.

@DaddyBLUE90S Год назад

Power corrupts.

@michaeltaylor4271 Месяц назад

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.

@timogeo2167 Год назад

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!

@carsondouglas8600 Год назад

How much Rothschild money is in Cyprus ??? How much Lucien Grainge money is in Cyprus ?? How much Len Blavatnik money is in Cyprus ?

@pt68picaso Год назад

Not that much as once was.

@energyideas Год назад

Deflect to email server.

@DiviAugusti Год назад

HUNTERS LAPTOP

@bikedawg Год назад

$3, $2, and $1, respectively.

@crowbaril903 Год назад

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

@jackcobbiii1797 Год назад

But not the US cannabis industry?

@karmatt3098 Год назад

Sponsored by Pfizer 🤣

@mattelgin213 Год назад

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.

@glenwilson9533 Год назад

Organized Crime Pays......... Album coming soon

@bonniedrasco8166 Год назад

Who cares, those without sin cast the first stone......

@tanvirahmed3228 Год назад

Both partner deicide and choose own one..

@landrover-ib7wo Год назад

Boohoo now do the Clinton's,the Bush,the Obama....

@williamforrest8658 6 месяцев назад

This happends around the world, is it because Russia invested in Cyprus the reason for digging this up?

@andrewm4679 Год назад

Are we getting ready to justify invading Cyprus ? Asking for a friend.

@jaredchilders3781 Год назад

The title and video should be, Where is Washington DC hiding $32 trillion dollars of debt.

@zorintoto1167 Год назад

It's not hidden you idiot . It's held by creditors

@jaredchilders3781 Год назад

@@zorintoto1167 Defend Washington DC all you possibly can. Makes not a damn bit of difference to me, nor any of them.

@robertroman6826 Год назад

Not just Russian oligarchs also New York stockers and Americans who don’t want to pay there pair share of taxes

@energyideas Год назад

EVRAZ Steel Russian Oligarch Abramovich, who owns a 28.6 per cent stake.

@Strangernightg Год назад

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 Год назад

u cant even spell customs

@miked451 Год назад

Costume department 😂😂😂

@Strangernightg Год назад

@@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 Год назад

@@miked451 Don't tell me you have a problem with my spelling too . Let me know.

@miked451 Год назад

@@Strangernightg No problems, just made me chuckle, thanks.

@zinosspirou8899 Год назад

says the country that it’s own president Trump liked Putin!🤣🤣🤣

@fer581 Год назад

,the world is a circus .

@thatisabsolutelykooooge2211 Год назад

This stuff is so petty. Lawyers going around trying to get others peoples assets because their egos have been damaged. Losers.

@JPJ740 Год назад

putin - stalin w/ a law degree.

@weedoutasssingermanas167 Год назад

I no longer fly to Cyprus to rest, because every second Russian I meet there is treated like a host.

@donsan6404 Год назад

people act like the average person lauded money. just a poor excuse to control people.

@crowbaril903 Год назад

Aphrodisiac is from there so everything checks out & citizens by investment progrum?? Perfect!

@lemmykilmister873 Год назад

🤔

@jurgschupbach3059 3 месяца назад

Der beste Ort für zusammen Arbeit der EU und seinen Freunden

@pedrosousa9780 Год назад

Russian is treated not just to Ukrainian but to all over the world now and china don't stay behind.

@jacobocaj5778 Год назад

Its not just russians

@ibrahimseth8646 5 месяцев назад

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.