Cyprus will collect 3.5 billion euros from Russian citizens taking into account the total amount of deposits. The country is in the process of discussing one-time write-off of 9.9 percent of all deposits exceeding 100000 euros. The banking system is hig

Cyprus will collect 3.5 billion euros from Russian citizens, taking into account the total amount of deposits. The country is in the process of discussing one-time write-off of 9.9 percent of all deposits exceeding 100,000 euros. Smaller deposits may expect a smaller collection of 6.75 percent. The outflow of Russian money from Cyprus is obvious, but the question is – where will it go? All Cypriot banks are closed, and the government is trying to make a decision on the matter. Only one vote is needed to make a positive decision. To vote “for,” the House of Representatives needs to obtain 29 …

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