TITLE

Levy on bank deposits would undermine trust in Cyprus - Russian lawmaker (Part 2)

AUTHOR(S)
Interfax
PUB. DATE
March 2013
SOURCE
Russia & CIS Business & Financial Newswire;3/17/2013, p1
SOURCE TYPE
Newswire
DOC. TYPE
Article
ABSTRACT
MOSCOW. March 17 (Interfax) - The proposed levy on bank deposits in Cyprus to finance a bailout for that country would undermine trust in Cyprus and negatively impact Russia's interests, said Russian lawmaker and head of the Russian Regional Banks Association Anatoly Aksakov.
ACCESSION #
86151307

 

Related Articles

  • Levy on bank deposits would undermine trust in Cyprus - Russian lawmaker. Interfax // Russia & FSU General News;3/17/2013, p1 

    MOSCOW. March 17 (Interfax) - The proposed levy on bank deposits in Cyprus to finance a bailout for that country would undermine trust in Cyprus and negatively impact Russia's interests, said Russian lawmaker and head of the Russian Regional Banks Association Anatoly Aksakov.

  • Levy on bank deposits would undermine trust in Cyprus - Russian lawmaker. Interfax // Russia & CIS Business & Financial Newswire;3/17/2013, p1 

    MOSCOW. March 17 (Interfax) - The proposed levy on bank deposits in Cyprus to finance a bailout for that country would undermine trust in Cyprus and negatively impact Russia's interests, said Russian lawmaker and head of the Russian Regional Banks Association Anatoly Aksakov.

  • Levy on bank deposits would undermine trust in Cyprus - Russian lawmaker (Part 2). Interfax // Russia & FSU General News;3/17/2013, p1 

    MOSCOW. March 17 (Interfax) - The proposed levy on bank deposits in Cyprus to finance a bailout for that country would undermine trust in Cyprus and negatively impact Russia's interests, said Russian lawmaker and head of the Russian Regional Banks Association Anatoly Aksakov.

  • Cyprus Seeks Russian Aid. Investor's Business Daily // Investors Business Daily;3/21/2013, pA01 

    6 Finance Minister Michael Sarris, in Moscow, reported no deal yet for further borrowing from Russia to help avoid a Cypriot bank collapse. Cyprus lawmakers on Tue. rejected European bailout terms for a 5.8% bank deposit levy. Many Russian businesses and people use Cyprus as a fin'l haven....

  • Cyprus bailout? It's insane. CORMAC LUCEY // Daily Mail;3/23/2013, p25 

    THE EU decision, at a meeting chaired by Michael Noonan, to appropriate Cyprus bank deposits to fund that country's bailout is insane. In order to save €7billion in bailout costs, the EU has unsettled depositors across peripheral Europe from Cyprus to Spain. The cost of the resulting bank...

  • A small island sets a big precedent. Sherwood, Matthew // Money Management;4/18/2013, Vol. 27 Issue 14, p22 

    The article discusses a plan to finance a bailout program in Cyprus through taxation of bank deposits and the responses by several concerned people, from Cypriot residents to Russian President Vladimir Putin. Topics include the comparison of deposit levy with currency depreciation, the condition...

  • IN ADDITION.  // Regional Today;03/19/2013, p1 

    The article reports that with other euro zone countries and international creditors imposing a levy on all deposits in the banks of Cyprus on March 16, 2013 as a condition for a 10 billion euros bailout for Cyprus, experts say that the tax looks set to hit Russian pockets hard.

  • Cyprus parliament holds crisis session over bailout levy deal. Holt, Natalie // Mortgage Strategy (Online Edition);3/18/2013, p13 

    The article reports on the plan of the Cyprus parliament to hold an emergency session in 2013 over a controversial deal to tax savers as part of a 10 billion euro bailout agreed by the European Union and the International Monetary Fund (IMF). The deal would see a 6.75% levy imposed on all...

  • From Russia with love, to Cyprus with cash. Bullough, Oliver // New Statesman;3/22/2018, Vol. 142 Issue 5150, p15 

    The article looks at the Cypriot financial crisis, as of March 2013. It notes that Cyprus has served as a tax haven for wealthy Russians, with Russian deposits representing a significant portion of Cyprus banks' holdings. The author says the threat of a tax on deposits, proposed as part of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics