CYPRUS IN REAL DANGER PUTIN OFFERS AMNESTY FOR REPATRIATION OF RUSSIAN CAPITAL AND REFERS TO CYPRUS BAIL-IN Russian President Putin referred to the bail-in of depositors in Cyprus last year as one reason why Russian capital should be repatriated. In a 70-minute state of the nation address to the Russian parliament, he proposed full tax and legal amnesty for capital to return to Russia, in a bid to kick-start the economy. Repatriating capital to Russia legally would mean “there will be no questions from the tax and law enforcement bodies,” Putin promised. “Everybody who wants to should have the right to come back to Russia. We have to turn this offshore page of our economy. I believe that after the Cyprus events our business will understand that its interests abroad are not valued and the best guarantee for them is national jurisdiction,” he said. Michael Minas
Posted on: Fri, 05 Dec 2014 22:44:22 +0000
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