Russian prime minister Dmitry Medvedev has lambasted the EU’s handling of the Cyprus debt crisis, comparing a plan for a levy on bank deposits to the expropriations under the Soviet Union.
However, Moscow has yet to offer any concrete help to the Cypriot government, which is anxiously seeking alternative ways to fund an international bailout after the island’s parliament voted against a bank deposit levy plan hatched with the eurozone.
Mr Medvedev’s comments came as Michael Sarris, Cyprus’s finance minister, met senior Russian officials to seek aid from the Kremlin to bail out its struggling banking sector.
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