>>>I got the impression from various articles I read about this, that Russian deposits were a large fraction of the total deposits in play - something like 60% (?)
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>>But some of the accounts were by companies. Uncertain if those were planned to be included, as they might be considered "investments". Also pretty certain that the russian angle is inflated in press over here as is describing tax shelters nearly always as money laundring - which probably occurs as well.
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>Dunno about the "investment" angle - investments imply risk, one could argue that those should not receive the same protections (FW they're worth) that ordinary savings "enjoy". But I see your point - if the "assets" could receive some legal name not subject to the levy, lawyers will be working overtime to achieve that.

Over here BITs and a special treaty from 1977 between cyprus and russia are often named with this topic. IANAL and proud of it...