Cyprus to ease citizenship rules for EU bailout losers

Cyprus is to relax its citizenship rules for foreign investors who lost at least 3m euros (£2.5m) under an EU bailout deal.

President Nicos Anastasiades said new measures, mostly affecting the Russian business community, would be approved at a cabinet meeting on Monday.

Russians have billions of euros in Cypriot bank deposits.

Read the full report here.

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