Russian frozen deposits revealed
Two of Russia's biggest companies recently revealed the vast sums of money they have frozen in Cypriot banks. OAO Sovcomflot, Russia's biggest shipping group (revenue $1.4bn) has $25.8 million frozen in Laiki Bank.
And Russian auto maker AvtoVAZ has $20.5 million frozen in 'Cypriot banks'—about 40% of the company's 2012 profit. ( WSJ Paris and Alpert 15 April 2013.
I wonder if they will be able to buy multiple Cypriot citizenship vouchers as mooted by President Anastasiades at a loss-per-voucher of $3.91 million (Spiegel Online 15 April 2013).
Maybe its time for a BOGOF (Buy one get one free) offer.