Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, if he will make an assessment of the potential implications for his policies of levels of Russian investment in the economy of the Republic of Cyprus.

The UK and Cyprus have a shared goal to reduce Putin's capacity to fund his illegal war in Ukraine. Following the 2022 invasion, Cyprus has joined the rest of the EU in adopting an unprecedented package of sanctions against Russia. We are committed to working with international partners to ensure sanctions are effective and to tackle sanctions evasion. The UK Government is working with Cypriot authorities to provide technical support for the creation of a new sanctions implementation unit, drawing on international best practice and lessons from the UK's own Office of Financial Sanctions Implementation (OFSI).