Volt on Wednesday questioned the progress of investigations into the alleged use of Cypriot companies and professional services by Russian oligarch Roman Abramovich to avoid paying tax, saying accountability was still lacking three and a half years after Britain imposed sanctions on people and companies in Cyprus.
The party said new revelations in the international press raised serious questions about the matter.
It cited the case of Blue Ocean, which it said had estimated tax debts of around 25 million euros. According to Volt, the company was struck off the Registrar of Companies in 2024 and restored by court order in 2025, and the case was raised in parliament by former Volt parliament member Alexandra Attalidou. Criminal prosecutions were then brought against two former directors of the company, the party said.
Volt said that despite information being handed to the authorities since 2023 and assistance from foreign authorities, critical questions remained unanswered. It asked what progress investigations had made, whether all the revelations had been investigated and whether the role of those who may have organised and benefited from the transactions in question had been examined.
The party also asked why the Law Office of the Republic and the Attorney General were not providing substantive information on how the cases were progressing.
Volt said the rule of law required transparency, accountability and equality before the law, and that Cyprus needed institutions that effectively investigate serious allegations regardless of the financial or political power of those involved.
Read more:
