Russia's PM lambasts deal to rescue Cyprus' ailing banking sector
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Russia's prime minister has slammed a deal that saves Cyprus from bankruptcy but forces big losses on many bank deposits, a large chunk of which are held by Russians.
Cyprus secured a 10 billion euros ($13 billion) bailout early Monday on the condition it scales back its banking sector and forces hefty losses on a number of big deposits to help pay much of the bill.
Dmitry Medvedev says the move is tantamount to theft.
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Moscow has been worried about the crisis in Cyprus with Russian citizens holding as much as 20 billion euros ($26 billion) in Cypriot banks.