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Duma deputy speaker advises Russians to take money back from Western banks

July 31, 2014, 19:51 UTC+3 MOSCOW
The experience of Cyprus and Greece showed how much trouble one could experience if he kept money in the West and thought he should not worry about it, the deputy said
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Sergei Neverov

Sergei Neverov

© ITAR-TASS/Sergei Fadeichev

MOSCOW, July 31. /ITAR-TASS/. Deputy Speaker of Russia’s State Duma Sergei Neverov on Thursday advised Russians to take their money and assets back home from Western banks and offshore jurisdictions.

“Today we must advise everyone who is trying to keep something there [in Western banks] to bring it back to his own country,” Neverov, one of the leaders of the ruling United Russia, told the Rossiya 24 television channel.

The experience of Cyprus and Greece showed how much trouble one could experience if he kept money in the West and thought he should not worry about it, the deputy said.

Neverov said the West would try to increase pressure on Russia using sanctions, and Russian citizens should respond by taking their money back home and investing it in domestic production facilities.

“I think there will be attempts to step up the pressure. It’s a question of reaction from Russia,” he added.

In his opinion, “there can be a real influx of Russian capital that is outside the country now”. “This will be a very serious response,” Neverov said.

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