Cyprus savers are on their own, warns Russia

"If someone gets stuck and loses money in those two biggest banks, that’s really too bad," says Russia's First Deputy Prime Minister.

1st April, 2013
Bank of Cyprus: savers may lose as much as 60 per cent of their money.

Russia won’t bail out people or companies that stand to lose money held at Cyprus’s two largest banks, First Deputy Prime Minister Igor Shuvalov has said.

“If someone gets stuck and loses money in those two biggest banks, that’s really too bad,” Shuvalov said in an interview broadcast on Russian state television. “But the Russian government isn’t planning to do anything in this case.”...

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