Many were wondering what Russia’s response to Germany’s deposit confiscation drill in Cyprus would be. The confusion was moderated somewhat after it was uncovered that the very Russians who were supposed to be punished, have been able to withdraw some or most of their Cyprus-based cash either before the Cyprus (Deposit Confiscation Day) or during the capital controlled blackout using various disclosed loopholes. Breaking => Russia Warns Obama Against Using The Media To Falsify News: Any Direct Or Implicit Interference With Russia’s Home Affairs, All Sorts Of Pressure Being Exerted On Our Country And Our Allies – Is Absolutely Unacceptable.”
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It is estimated that about one half to a third of all Cyprus bank deposits are of Russian origin. The ratings agency Moody’s estimates that there is about $31bn (21bn) of Russian money in Cypriot bank accounts – $12bn from banks and $19bn from businesses and individuals. Big News Network