Shuvalov supports differentiated approach to Cypriot banks
GORKI. March 25 (Interfax) - Russian First Deputy Prime Minister Igor Shuvalov said that measures applied to Cypriot banks should differ for troubled enterprises and those with no liquidity issues.
"We see the first approach Cyprus voiced as quite unfair to healthy financial enterprises," Shuvalov told reporters on Monday.
Shuvalov said that the biggest threat to the financial system was coming from two major banks of Cyprus.
"At that, the biggest bank with Russian capital, with VTB involvement is Russian Commercial Bank, a healthy bank, maybe the healthiest bank in Cyprus, with no problems but same measures as to all other banks have been proposed over it," Shuvalov told reporters on Monday.
Shuvalov said that the Russian side had pointed out the injustice of such measures to the Cypriot finance minister during his visit to Moscow last week.