Written Question: Conflict of interests for Commissioner Kyriakides

(Source: European Parliament)

Date submitted: 20 February 2021

Priority question for written answer P-001024/2021
to the Commission
Rule 138
Markus Buchheit (ID)

Subject: Conflict of interests for Commissioner Kyriakides

Stella Kyriakides has a share package in the Bank of Cyprus and owns a 13% share of Antis Triantafyllides Estates, the law firm which was founded by her father and is one of the leading commercial law practices in Cyprus.

According to its business brochure, which is also translated into Russian, the firm helps provide Cypriot nationality – and thus also EU passports – to high-net-worth Russian individuals. In addition, it organises – quite openly – the foundation of Cypriot letterbox companies, which enable Russian investors to re-invest their capital in Russia after it has been laundered in Cyprus.

  1. Does the Commission believe that, in view of her vast economic own interests, Stella Kyriakides is able to decide impartially on key issues of the EU’s Russia policy such as sanctions, the prevention of money-laundering and the courtesy granting of citizenship rights to Russian oligarchs in her capacity as a member of a collegiate body such as the Commission?
  2. Are there any business and/or legal representation links between Kirill Dmitriew, his company Delta Private Equity, the Russian Direct Investment Fund and its subsidiaries, for example RDIF Asset Management Limited (Cyprus), and the A. Triantafyllides & Sons firm in Nicosia?
  3. Is the Commission convinced that Stella Kyriakides will be able to act and decide impartially and with no conflict of interests in the event of negotiations taking place on the purchase of the Sputnik V vaccine?
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