Dialogos

Former Energy Minister Discusses Campaign Finance and Sanctions: Video Reveals Details

Published January 9, 2026, 16:03
Former Energy Minister Discusses Campaign Finance and Sanctions: Video Reveals Details

In the video, former Energy Minister Giorgos Lakkotrypis comfortably describes campaign funding mechanisms that operate on the fringes – or even outside – the institutional framework. He states that, despite the one million euro limit for presidential elections, “sometimes you have to rely on cash” to exceed it, implying funding practices outside official channels. Mr. Lakkotrypis justifies the need to raise funds by stating that Nikos Christodoulides “did not have a party behind him,” making campaign funding more difficult. He attributes to the Director of the Presidential Office the statement that “when the time comes, we will need money for the campaign.” Furthermore, Mr. Lakkotrypis refers to companies with shareholders under sanctions, stating that he is cooperating to ensure Cyprus maintains a “strong stance” in the EU and to prevent the extension of sanctions to third parties. This raises questions about potential political interventions in European sanctions issues. Finally, Mr. Lakkotrypis openly talks about access to the President and the First Lady, mentioning sponsorships for her projects and meetings in her office after contact with the President.