There was bound to be some kind of blowback over the attempted confiscation of Russian assets in Cyprus.
Most of the big Russian money has already flown the coop before the EU could confiscate it.
http://www.zerohedge.com/news/2013-03-27/furious-cyprus-begins-investigating-who-breached-capital-controls
Looks this might be the first measure by Putin to pay back the EU.
Putin Offers 3-Month Offshore-Tax-Cheat 'Amnesty': "There Can Be No Untouchables"
I wonder how Putin is going to treat people like Roman Abramovich (ex-pat Oligarchs) & their ilk going forward. Roman Abramovich must be wondering too.
We of course have just had the story of Boris Berezovsky's death by hanging. He fell out with Putin a long time ago.
I am sure there will be more developments on Putin taking action to repatriate Russian cash over time. Things are just getting started in the currency wars.
Look out for stories such as the Russian government taking a harder line on drafting Russian ex-pats children. Russia still has National Service.
Or maybe a story such as Roman Abramovich taking Swiss citizenship - we will know which way the wind is blowing in that case.
There are a number of large German companies operating in Russia. Putin could possibly look at freezing assets or taxing assets. The Kremlin is adopting a wait and see policy.
That would be a provocative move by Putin - there are less provocative things that he will try first.
Updates are expected on this blogpost in the fullness of time.
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