Nicosia: Direct investments from Russia to Cyprus amounted to 23% of the total in 2024, highlighting the significant economic ties between the two countries. The total stock of foreign direct investment (FDI) in Cyprus in 2024 reached £365.07 billion, with £83.46 billion originating from the Russian Federation. This represents a substantial 23% of the total FDI, as reported by the Central Bank of Cyprus. According to Cyprus News Agency, the Foreign Direct Investment positions published by the Central Bank also indicate that 20% of the total FDI comes from the 27 EU member states, totaling £74.36 billion. Within the EU, Luxembourg holds the largest share, contributing £32.1 billion, which accounts for 9% of the total and 43% of EU FDI. The Netherlands follows with £6.9 billion, representing 2% of the total and 9% of EU FDI. Further contributors to Cyprus's FDI include the United States with £66.57 billion (18%) and the United Kingdom with £17.17 billion (5%). Ukraine's investment amounts to £10.64 billion (3 %). Other notable contributions are from the Cayman Islands (£8.4 billion), the British Virgin Islands (£2.4 billion), and the Marshall Islands (£3.5 billion). Additionally, Israel contributes £5.1 billion, and other countries from the Near and Middle East account for £7.6 billion. The Central Bank's data reveals a downward trend in FDI over recent years. From £489.4 billion in 2022, it decreased to £394 billion in 2023 and further to £365 billion in 2024. Of the £124 billion decline between 2022 and 2024, £52 billion resulted from reduced investments from Russia, which decreased from £135.7 billion in 2022 to £83.46 billion in 2024. Compared to the previous year, the largest increase in FDI came from Luxembourg, which saw a rise of £10 billion. Conversely, significant decreases were recorded from the United States (-£15.1 billion), Switzerland (-£14.7 billion), and the United Kingdom (-£10 billion). According to the Central Bank of Cyprus, these data publications aim to reveal the true origin of inward fo reign direct investment in Cyprus.