Putin warms to Cyprus rescue deal with order to renegotiate loan

‘Carefully Monitoring’

“We are carefully monitoring the developing situation in Cyprus,” Russian First Deputy Prime Minister Igor Shuvalov told reporters today. “We decided to wait for final decision to be take by the EU and Cyprus, and then we’ll consider if there’s a possibility or necessity for extending Russian assistance.”

Cyprus’s plans to tax uninsured deposits amounts to theft, Medvedev said, in a reprisal of a comment attributed to Vladimir Lenin, who used to to refer to Bolshevik expropriation of property belonging to the wealthy.

“They’re continuing, I think, to plunder the loot,” Medvedev said at a meeting outside Moscow today. Russia is assessing the implications of a deal announced today, he said.

Bloomberg News

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