Cyprus seeks Russias help after deposit tax fails

Times of India
Wednesday 20th March, 2013

European Union in doubt. Cyprus is now scrambling for a Plan B that includes the option of going to Russia with cap in hand. Russians — many of them wealthy tycoons seeking to avoid taxes back home — hold between a third and half of all Cypriot deposits and have $31 billion in private and corporate cash buried in the island’s teetering banks. The

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