Guardian Weekly

Grey area Roubles and rials that fuel ‘shady’ boom

‘Russian speakers love living here, they like to be in a community and ours is growing all the time,” said Ruslan Ibrayev, the salesman greeting customers at the head office of the Hub property investment firm in Iskele in Turkish-occupied northern Cyprus.

The area, he beams, has become a magnet for buyers from the former Soviet Union. “Business is good,” said the young Kazakhstani. “Very

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