“The controversial tax is seen hitting Russian pockets hard, with experts estimating that Russian deposits in Cypriot banks amount to at least 15.4 billion euros of the estimated 67 billion euros of deposits held by Cyprus banks. Russian President Vladimir Putin criticised the proposed tax, describing it, according to a Kremlin spokesman, as ‘unfair, unprofessional and dangerous’. Russian Prime Minister Dmitry Medvedev was equally forthright. ‘We should say this directly: this simply looks like the confiscation of other people’s money,’ Russian news agencies quoted him as saying. ‘I do not know who the author of this idea is, but this is what it looks like.’”
http://www.rawstory.com/rs/2013/03/18/economists-warn-cyprus-will-face-a-recession-for-decades/
