New year's gift to Cyprus

On Friday, 30 December, news agencies with reference to the press service of the Government of the Republic of Cyprus reported that it has received the first tranche of the island State of Russian loan volume of 590 million euros

So the operation was launched to rescue the Russian capitals hidden in Cyprus.
Negotiations for a loan to the Republic, the economic situation in which not many better Greek (gosobligaciâm debts accounted for 1.2 billion euros, the budget deficit will amount to an estimated Cyprus to 2012 year 5.5% of GDP), took place from the beginning of the 2011 year. 23 December an agreement was signed on loan, the total amount of 2.5 billion euros-more than 10% of GDP. It is estimated that this money should be enough to meet the financial needs of Cyprus on 2012 year. Details of the terms of the loan on 30 December was not known but previously reported on plans to borrow for a period of five years by 4.5% per annum.
Loan agreement signed in Moscow on December 23 Finance Minister Kikis Kazamias Cyprus and Deputy Minister of Finance of the Russian Federation Sergey Storchak.
"The loan will strengthen budget and completely cover the financial needs of the country in the year 2012, according to the Government of Cyprus.
Russia has become the last hope of Cyprus. In August 2011, the Commission has denied the State credit.
Russia's interest in saving the Cyprus is simple – there are dozens (if not hundreds) of billions of dollars, were evacuated from Russia. In fact, Cyprus has long would branch of the Russian banking system, Russian money there's no simple stockpiles, they come from there into the Russian economy in the form of investment. On the sums of nine months of 2011, the amount of accumulated investment there amounted to nearly 70 billion dollars.
That is, it is not a question of grant assistance to the brotherly State of the kind which Russia has, year after year, such as Belarus, and about a rescue of Russian money. Possible failure of Cyprus could lead to a great deal of trouble and loss of money a number of large Russian companies. Experts note that it is difficult to find at least one major Russian Corporation, including, of course, the State Corporation to fail to detect among the shareholders of the company, registered in Cyprus.