It is obvious that the Russians need a place like that. It is a matter of sovereignty and national independence. The knock that was led to the financial Cypriot system during the weekend, restructuring the Cypriot banks under European control, goes against the interest and Russian sovereignty. The levy may be 30% on deposits of more than 100,000 euros but this is almost trivial compared to other problems that this inflicts to the Russians.
So now we get into what I do not hesitate to call "currency war". Personal reflections of Medvedev and Putin are replacing diplomatic language. Provided, if you follow well, that diplomacy is "the continuation of war by other means".
The Russians are fantastic chess players, that is why they are calm, they think and meditate before moving pawns.