The EU member state has stripped several oligarchs of their citizenship.
(Photo: AP)
Berlin The government of Cyprus revokes the so-called “golden passports” of four Russian oligarchs and 17 family members. This was reported by the Cypriot daily newspaper “Phileleftheros”. Billionaires Mikhail Guzeriyev, Alexander Ponomarenko, Vadim Moshkovich and Alexey Kuzmichev are on EU sanctions lists against Russia.
All 1,100 high-ranking Kremlin officials, oligarchs and other prominent businessmen who are on the sanctions list and who work in important economic sectors such as energy, media and the arms industry are banned from entering the EU.
Alexei Kuzmichev is the richest of the four oligarchs whose Cypriot citizenship has now been revoked: The business magazine Forbes estimates his fortune at $6.4 billion. Kuzmichev is credited with co-founding the sanctioned Moscow-based Alfa Bank and Letter One – the investment vehicle through which he, along with oligarchs Mikhail Fridman and Pyotr Aven, holds a stake in German oil and gas producer Wintershall Dea.
Moshkovich is one of the largest landowners and agricultural entrepreneurs, Ponomarenko is the chairman of the supervisory board of Moscow’s Sheremetyevo Airport. Guzeriev owns an oil company and has close ties with Belarus’ dictator Alexander Lukashenko because of his activities in the fertilizer industry.
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