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.

Winner:

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.

Losers:

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

 

Advertisements
This entry was posted in Russia. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s