EU bailout or not, Russian cash in Cyprus to stay

Property advertisements in Cyrillic letters, Russian radio and newspapers and even schools in the coastal resort of Limassol spell out the identity of Cyprus’s top foreign investors.

The allegedly dubious sources of Russian deposits in Cypriot banks, which total US$26 billion, well over Cyprus’s GDP of US$17 billion, are pipped as a potential cause for economic difficulty for the small Mediterranean island.

via Business feed http://www.scmp.com/business/economy/article/1082955/eu-bailout-or-not-russian-cash-cyprus-stay