Russian deposits of $20 billion face Cyprus tax

Yahoo!7 News
Sunday 17th March, 2013

View Photo A woman withdraws money from an ATM in the Cypriot capital of Nicosia, on March 16, 2013. The controversial proposed tax on savings in Cyprus looks set to hit Russian pockets hard — with experts estimating that Russian deposits in Cypriot banks amount to at least $20 billion.

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