Cyprus has “completely turned the page” on Russian money: Cypriot Deputy Europe Minister Raouna

At a jam-packed EU summit in Brussels on 23 October, dominated by the thorny issue of using frozen Russian assets, we caught up with the Deputy Minister for European Affairs of Cyprus, Marilena Raouna. Although Belgium was at the centre of haggling over how to turn the Russian assets into a “reparation loan” to help Ukraine, it is not the only country concerned by the issue. Cyprus has frozen €1.2 billion in Russian assets. Raouna emphasises that Cyprus has “completely turned the page” on Russian money flowing through the country and that supporting Ukraine will be a “top priority” when Cyprus assumes the rotating EU presidency in January 2026.