21 Mar 2013 03:02

Cypriot problem may help return Russian capital from offshores - Medvedev

MOSCOW. March 21 (Interfax) - The situation in Cyprus may lead to the return of the Russian capital from offshores back to the country, Russian Prime Minister Dmitry Medvedev said.

"In general, this campaign may finally do good to us, because some money will return. I stress once again I do not speak about illegal capitals. Let them treat them themselves, find the beneficiaries. We are 'for' it," Medvedev said in an interview with a number of European media and Interfax.

Russia has raised the issues of de-offshorization many times, he said. "Of course, one should have a look at Cyprus and other places. There are a lot of special jurisdictions in the world. One should understand whether BVI [British Virgin Islands] are better than Cyprus or not, or Bahamas, or something else. There should not be double standards, otherwise we will have to make a decision to open a special offshore zone ourselves," Medvedev said, noting that he has been just thinking aloud.