Russian President Vladimir Putin has discussed plans by Cyprus to export part of its bank deposits to the EU and the economic situation on the euro zone. The Russian leader considers the adoption of an additional tax for bank deposits unjust, unprofessional and dangerous, RIA Novosti reports.
Cyprus will receive additional tax payments worth 6.75% from deposits under 100,000 euro and 9.9% from bigger deposits, according to an EU order. The Central Bank of Cyprus restricted payments and transfers at local banks.
The parliament of Cyprus will vote on deposit taxes. Moody’s says that Russian companies and Cyprus banks have $43-53 billion at risk.
The minister of finances of Cyprus has postponed his visit to Moscow today until March 20.
