Medvedev attacks Cyprus bank deal

Russia’s prime minister has slammed the deal that saves Cyprus from bankruptcy but forces big losses on many bank deposits, a large chunk of which are held by Russians.

Medvedev attacks Cyprus bank deal

Russia’s prime minister has slammed the deal that saves Cyprus from bankruptcy but forces big losses on many bank deposits, a large chunk of which are held by Russians.

Dmitry Medvedev said the move was tantamount to theft.

Moscow has been worried about the crisis in Cyprus with Russian citizens holding as much as €20bn in Cypriot banks.

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