Exact(60)
Yes, expats with savings in Cypriot banks will be hit.
Around $32bn of the accounts in Cypriot banks – nearly half of the total – belong to Russians.
Russians are estimated to hold more than €20bn of the €68bn deposited in Cypriot banks.
Officially, 30%-40% of the money in Cypriot banks comes from non-residents, mostly Russians.
Anastasiades has inherited more than the pro-Russian bias in Cypriot finance.
Breaking the deposit guarantee undermines confidence not only in Cypriot banking but also in other eurozone countries.
The men are dressed in Cypriot conical caps; one holds a Persian-style parasol over his chariot mate.
The northern part of the basin lies in Cypriot waters, with much of the rest in Israeli or Lebanese waters.
And there is a case for hitting everyone in Cypriot banks before any taxpayer in another country.
Moscow, though furious over the billions lost by Russians in Cypriot banks, still sees Cyprus as a prize worth courting.
Russian nationals are estimated to hold more than €20bn of the €68bn deposited in Cypriot banks and many have deposits over €100,000.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com