Russians protest Cyprus savings levy
Russian citizens, with approximately $26bn in Cypriot banks, stand to lose millions to new bailout deal tax.

Published On 19 Mar 2013
Some of the loudest protests against the proposal of a one-time levy on savings account holders in Cyprus to help ease the country’s debt burden have come from Russia.
That is because Russian citizens have around $26bn invested in Cypriot banks.
The proposal for the levy is part of a 10bn euro ($12.95bn) EU bailout for the island country.
Al Jazeera’s Robin Forestier-Walker reports from Moscow.
Source: Al Jazeera