Tag Cyprus

…smart – and big – Russian money should have fled Cyprus months ago, since the island’s banks got themselves in trouble much earlier than last week or last month. The flight probably began even earlier, with the island’s accession to…

There’s a popular notion that most of the Russian money in Cyprus banks is “mafia funds” or “dirty money” or “gangster cash.” Some is, sure enough, but hardly all and probably not even most of it (unless all Russian money…