Dmitry Medvedev said that the amount of so-called “gray deposits” Russians in Cyprus banks are exaggerated, and that in Cyprus running “a large number of government agencies,” the Russian Federation, “as it is convenient for the jurisdiction of the transaction.” According to him, “they have now blocked the money for some reason, because the source of this money is obvious, the money brought everywhere.” “That’s why – he said, – and we have to take such a strong enough position regarding the events around Cyprus and Debt Settlement of Cyprus.”
As for deposits, which, “as they say, are specific and indicate the” gray “schemes withdraw money from Russia,” is how assured the head of the Russian government in an interview to “Interfax” , and a number of European media, “they did not amount as significant as this to say. ”
The information above was translated from Russian.
h/t Tom R