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As one of Limassol’s most successful jewellers, Armenian Raffi der-Garabedian, told me on Wednesday as the crisis unfolded: ‘Yesterday, I had one of my best days ever. They like good jewellery and will spend £4,000 at a time.

‘Those who have real funds will never trust the Cyprus banking system or the EU again.

The party was in full swing at the glitzy 7 Seas club on Wednesday.

A hundred Russian girls turned up (as they always do) for the weekly Ladies’ Night, cavorting in Louboutin heels to loud music as they downed vodka cocktails, chilled Cristal champagne or both.

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There are plenty of other places for our rich to go: the Cayman Islands, Jersey, Luxembourg. As a financial centre, the island’s reputation is ruined.’ But it was not only the sunshine that attracted them.

A dazzling white building with two towers on the Limassol seafront — advertised as Cyprus’s first high-rise condominium with £1.7 million penthouse apartments and a walkway to a private beach — already has a handful of oligarchs in residence.Play one of our most played games on the home page or dive into your favorite category in the menu. And enjoy your time on Games Freak - the ultimate site for free online boys games!In the meantime we will do our best to deliver the best possible gaming experience by further improving our website. Typically, the Russians cheat the system by putting their illegal money in anonymous ‘shell’ companies in Cyprus, taking advantage of the low rate of corporation tax, the discreet banks and a government that asks few questions of foreign investors.‘The Russian mafia uses Cyprus extensively,’ said Hubert Faustmann, associate professor of European Studies at Nicosia University, recently.‘That is one reason why Russia has no wish to see Cyprus go down economically.’ EU finance chiefs are reluctant to give a bailout to an island that they suspect is a safe haven for billions of pounds of laundered cash each year and which benefits Russians operating on the wrong side of the law At a posh car rental company on the promenade, the Russian manager, 30-year-old Anna Lazova, offers a day’s hire of a Maserati or Aston Martin DB9 for £1,400.EU finance chiefs are reluctant to give a bailout to an island that they suspect is a safe haven for billions of pounds of laundered cash each year and which benefits Russians operating on the wrong side of the law.A recent report in Germany’s Der Spiegel magazine, based on an investigation by the country’s foreign intelligence agency, said most Russian money in Cyprus had been moved there illegally to evade Russia’s tax authorities. All live sex shows are free and streamed 24/7 so when ever your horny just log on to sexcam1and have your wicked way with our beauties. The UK has some brilliant cam girls covering all kinds of niches from sexy amateurs, hot glamour babes, real British porn stars and so on you really haven't experienced anything yet not until you have been in the company of our fine UK cam girls.As he told me in his busy bar, full of Russian customers: ‘We heard about Cyprus by word of mouth back in Moscow.At first it was only a few who came, but soon we realised it offered the kind of life we craved. Voloboev predicts that 90 per cent of the Russians will disappear from the island and go to the UK or tax havens such as the British Virgin Islands.


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