The Ministry of Finance of the Russian Federation changed the list of offshore zones.

Today in the official publication of the Russian Federation has been published the order of the Ministry of Finance of the Russian Federation №115 dated August 21, 2012, by means of
which was changed the list of States and territories providing preferential tax treatment and (or) requiring disclosure and provision of information by the conducting financial Russian Federation transactions (offshore zones).

Let me remind you that the above-mentioned list was approved by the order of the Ministry of Finance of the Russian Federation №108н still in 2007. Then it included 41 States and territories. In 2009 the Republic of Seychelles was also included to the list.

In accordance with the new order the Republic of Cyprus was excluded from this list. Innovation will come into force since January 1, 2013.

On the basis: http://www.rg.ru/2012/10/31/minfin-izm-dok.html

Cyprus is extremely interested and rather dependent on money, which come from countries of the former USSR. The government of Cyprus has undertaken a lot of efforts aimed at ensuring that the Cyprus was removed from the "black list" of the Central Bank of the Russian Federation.

Actually these efforts were crowned with success. In the spring appropriate arrangements were made, in the end of August they were formalized in the Ministry of Finance, and in October, registered in the Ministry of Justice. They come into force in January next year.

That's such a long way. And there are elections in February in Cyprus. And everybody is waiting for that replaced the Communists normal bourgeois come to power, which will make Cyprus rich, but not all the population poor.

I think that with the advent of the new power cooperation of the business of the post-Soviet space, and especially of the Russian Federation, with Cyprus only improves. In any case, the Cypriots confidently look into the future and expect that country exits soon from the crisis caused by the Greek problems.