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Putin says it would be better to spent $1bln to help Cyprus instead of financing Russian NGOs

April 08, 2013, 13:38 UTC+3
“This enormous sum – one billion U.S. dollars – might have been spent to help Cyprus, and there would have been no need to fleece poor depositors”
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Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

HANNOVER, Germany, April 8 (Itar-Tass) – It would be better to have spent the enormous sum that came from foreign sources to Russian non-governmental organizations (NGO) in the past four months to provide financial aid to Cyprus, according to Russian President Vladimir Putin.

“This enormous sum one billion U.S. dollars might have been spent to help Cyprus, and there would have been no need to fleece poor depositors,” Putin said on Monday at a news conference after his visit to Germany.

 

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