INSUBCONTINENT EXCLUSIVE:
Cyprus has long drawn criticism for providing offshore financial services for people associated with corrupt regimes and businesses
A new series of investigations by the International Consortium of Investigative Journalists, along with 68 media partners, has exposed the
Hubert Seipel received hundreds of thousands of dollars from an oligarch believed to be close to the Kremlin.Who is Hubert Seipel?Seipel is
an award-winning filmmaker and author who has worked for Der Spiegel and Stern magazine as a foreign correspondent
allegations of coziness with the Kremlin
Seipel denied that was the case
from offshore accounts linked to the steel and banking magnate Alexei Mordashov
Though he did not confirm how much he received, leaked documents from a Cyprus-based financial services provider reveal that in the past
five years, he received 600,000 euros ($730,000).Mordashov is the chairman and largest shareholder of Severstal, the largest steel and
In 2022, he was sanctioned by the European Union and Britain for his links to Putin and Bank Rossiya, which played a role in destabilizing
Ukraine after the 2014 annexation of Crimea.Documents show that the sponsorship was in exchange for writing two books
