Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Companies Could Lose Billions in Cyprus Crisis
20.03.2013 22:10
Russian Companies Could Lose Billions in Cyprus Crisis
Photo Credit:

Russian corporations are in panic mode over the financial situation in Cyprus.

      Last year, a total of $120 billion in investment transactions went via the EU's tax haven.

      According to analysts, among the most hit will be the Russian banking sector, and VTB in particular. The country's second biggest lender could lose hundreds of millions of euros.

      The tension has cooled down a bit after the nation's parliament rejected the terms of the bailout deal with the EU, sending a signal of relief to Russian investors and account holders. 

Author: Mikhail Vesely

Tags: VTB offshore companies Russian banks   

Next Previous

You might also find interesting:

The Foreign Investors Interest in Russian Assets is Growing Again
Demand for Eco-startups is Growing
Revenues of Russian Video Bloggers are Falling Amid the Crisis
Potanin Became the Richest Russian Billionaire of the Year According to Bloomberg
The Russian Government will Support Catering Business and Hotels

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Moscow restaurants  Russian tourism  Vologda House Museum  The Ministry of Transport  Fairs in Moscow  Russian regions  Rzhev  Moscow  Russian politicians  Russian Icons  Concerts in Kazan  Romanovs' residence  Summer Ballet Seasons   AvtoVAZ   Russian government  criminality  coronavirus  Andrey Zvyagintsev  Online Events during Quarantine  Domodedovo Airport   travel to Samara  Mercedes-Benz Fashion Week Russia  Ryazan Region  Exhibitions in Moscow  accommodation in Russia  Festivals in Moscow  Museums of Russia  ice hockey  Russian business  Pobeda  Russian natural reserves  Russian Cinema  medicine  Adygea Republic  Contemporary Arts  Russian Archeology  Siberia  anti-gay law  watches  Pavel Chukhrai  Dmitry Kardovsky  travel to Russia  train tickets Russia FIFA  invest  Proton Accelerators  Platon Lebedev  Rostov Region  St. Petersburg  Slovyansk  Sakhalin 

Travel Blogs
Top Traveling Sites