Brussels, 22/08/2013 (Agence Europe) - The restructuring of Bank of Cyprus (BoC), completed at the end of July, could lead to the majority of shares being in Russian hands, explained the New York Times on Wednesday.
The restructuring of Cypriot banks was required by the country's international lenders as a precondition for a financial aid package and led to liquidation of Laiki bank, and a bailout of BoC involved the conversion of BoC deposits into shares, mostly owned by Russians. In order...