Transcripts for CNN Around the World 20130322 16:55:00 : com

CNN Around the World March 22, 2013 16:55:00

accountability. the idea that if you have a bailout like this for cyprus there has to be some really strong participation from cyprus in paying it back. and maybe there's no other way for them to pay back. that is what has spurred so much talk about russia of all things. why russia? why would russia be so interested in all this? there's a historic connection between russia and cyprus, but importantly many, many russians have many, many millions of dollars in those cyprus banks as an offshore tax haven. enough so they may control half of the accounts there in cyprus. the russian government does not want that money lost to its citizens for investment in russia, for building in russia. so the idea has been floated that maybe russia will step in and find a way to help pay back the eurozone bailout if it comes to that. what are they getting in exchange? maybe some of the natural gas rights from cyprus in the future. no one really knows. this is all speculation at this point. but the mere fact that it is being speculated, the idea that

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