BREAKING: Russian treasury unable to meet itâ€™s financial obligations. All government agencies see asset freeze in Cyprus-Prime Minister Medvedev
March 21st, 2013
Interesting interview by Medvedev today who admitted that most Russian government agencies use Cyprus for itâ€™s financial transactions.
A few points here:
-How corrupt does a country have to be for its government agencies to use a tax haven for financial transactions?
-From latest reports, the Cypriot banks might open on March 26th at the earliest. Thatâ€™s two weeks after being shut down. Thatâ€™s two weeks of unmet financial obligations, ie government employee salaries, public works financing, unpaid pensions etc etcâ€¦Expect unrest on the streets of Moscow
-The EU/Germany are certainly aware that 95% of all Russian money goes through the Cypriot banks. Certainly they were well aware of the consequences this would lead to. Is this the first salvo in the new world war??
Russia complains government accounts blocked in Cyprus