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Medvedev proposes to give up on Cyprus, take decisions to stimulate people keep savings in Russia

PM noted that neither private nor state companies were affected from the banking crisis in Cyprus

MOSCOW, April 17 (Itar-Tass) – Russian Prime Minister Dmitry Medvedev proposed “to give up on Cyprus” and take decisions to stimulate people to keep their savings in Russia.

“We should thank the partners from the European Union for what they did with Cyprus, because they showed the worst example how the confiscating policy should be carried out,” the prime minister said. “And this is an obvious proof for a considerable part of people, why the money should be kept in the homeland,” Medvedev said in reply to a question of a Communist deputy.

Medvedev noted that neither private nor state companies were affected from the banking crisis in Cyprus. “I held several meetings on this issue. We sustained no losses. I mean state-run structures and a considerable part of private companies,” the premier went on to say. “What happened in Cyprus did not affect our programs for the support of agriculture at all. All decisions, which were taken, were fulfilled,” he remarked.

“Therefore, we can give up on Cyprus, draw several lessons from this and can take decisions for the additional support of those, who want to keep their assets in Russia,” Medvedev believes.

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