Cyprus considers giving Cypriot citizenship to Russians

04/16/2013 | Spiegel Online (Germany)

To make its economy more attractive to foreign investors, Cyprus might offer citizenship to Russians who have suffered major financial losses because of the recent bank levy. Cypriot President Nicos Anastasiades spoke about the idea during a speech in Limassol, Cyprus' second-biggest city, where many Russians live. Citizenship in an EU state would free Russians from many travel restrictions.

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