Monday, March 18, 2013

Cyprus May Be Losing Its Appeal for Russian Rich

Ya think?
From Reuters:

Cyprus starts to lose its appeal for wealthy Russians
...A Moscow-based adviser said: "People will start looking at London, Zurich, maybe the Far East, Switzerland."...
...ORTHODOX LINKS
President Vladimir Putin said the move was "unfair, unprofessional and dangerous" and Russians with money in Cyprus said they had lost confidence in the banking system of a country with which they share Orthodox Christian links. 
"When I heard about it, my first thought of course was 'Oh God, I have money there.' And I got scared. Really scared," said a panicky customer who declined to give her name outside a branch of Uniastrum Bank in Moscow. 
She poured scorn on an official statement by the bank that client deposits were secure.
Uniastrum, a bank best known for providing payments services, is controlled by Bank of Cyprus, in which Russian billionaire Dmitry Rybolovlev owns a minority stake....MORE

He owns 9.9% of the bank.Here's his kid.