Bailing out Putin’s Lieutenant?

Putin's Chief Rezident's Residence in Palm Beach

Putin’s Chief Rezident’s Residence in Palm Beach

Cyprus winners and losers.


Russian oligarch Dmitry Rybolovlev is the largest shareholder in the Bank of Cyprus, with a 9.9% stake in the company.

Other Winners:

Russian oligarchs who had ample time and warning to move money out of Cyprus.

Alternative Western vehicles for ‘Putin & Associates’ investment, e.g. Monaco.


Unprotected Russian investors and small to medium size businesses in Cyprus, leaving winners the opportunity to acquire more of Cyprus economy than they already control.

Western economies as Russian businesses aka ‘Putin & Associates’ become more mainstream putting unconnected and unprotected Western business interests in a distinct disadvantage in the event that they find themselves in competition with them.

Outflows of Russian Capital


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