Saturday, March 23, 2013

Inquiring Minds Want To Know: Why Russian Oligarchs Are Laughing Off The Cyprus Haircut

If Russian oligarchs still have money in Cyprus, where a lot of them base their businesses, they aren't letting on.

"You must be out of your mind!" snapped tycoon Igor Zyuzin, main owner of New York-listed coal-to-steel group Mechel , as he dismissed a suggestion this week that the financial meltdown in Cyprus posed a risk to his interests….

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