– Putin brands Cyprus saving levy as ‘unfair’ (RT, March 18, 2018):
Russian President Vladimir Putin expressed his opinion that Cyprus’ plan to tax bank deposits is “unfair.”
If Cypriot authorities go ahead with the tax plan and levy every deposit placed in the country’s banks, it would be “unfair, unprofessional and dangerous,” Putin said, according to presidential spokesperson Dmitry Peskov.
The assessment was voiced during a special meeting with senior economic aides and officials on Monday, in which the situation in the eurozone and the Cyprus banking crisis were discussed.
Cyprus wants to impose a levy on bank deposits as part of its plan for a bailout by European creditors. While the proposed measure provoked anger from the population of the tiny country, foreign investors stand to lose most from the scheme if it is enacted.
At the end of 2012, Russian companies had an estimated $19 billion in deposits with Cypriot banks, according to Moody’s.
– Sinclair – One Of The Most Important Events In History & Gold (King World News, March 16, 2013)
“The wire reports on the Cyprus situation are working overtime to try to make the case that 80% of the deposits belong to the people of Cyprus, and only 20% of the deposits belong to the Russians. That’s absolutely false. After 1985, when the ‘Robber Barrons’ of Russia took over the general economics of Russia, that was the transformation from the KGB to private business. The primary place for exported Russian funds was Cyprus.
Now, there is one leader in the world that would be very dangerous to challenge and that is Putin of Russia….
“What’s just happened is the IMF has backed up, lauded, supported, and publicized, as if it were a victory, the taking of 10% of what really turns out to be 80% of Russian ‘black money.’ Russian ‘black money’ is KGB money, now in business. The leader of Russia (Putin) was a former KGB official. Whose money do you think they have taken? This is the biggest mistake the IMF could possibly have ever made.”