‘Too bad’ for depositors who lost heavily in wake of Cyprus bailout, says Russia

Russia won’t bail out people or companies that stand to lose money held at Cyprus’s two largest banks, first deputy prime minister Igor Shuvalov said.

“If someone gets stuck and loses money in those two biggest banks, that’s really too bad,” Mr Shuvalov said in an interview broadcast on Russian state television.

“But the Russian government isn’t planning to do anything in this case.”