It’s amusing watching Putin and Medvedev get into a tizzy about this, considering that Cyprus is one of the most popular destinations for the Russian Mafia and oligarchs to deposit their dirty money. I read that over half of the assets in Cyprus are Russian...
Wouldn’t be surprised if Putin himself was in danger of losing his money.
You are missing the big picture....Look on a map....where is Cyprus?....Currently, Russia has one Navy base in the Mediterranean, and it is located in Syria, not exactly the most stable of places these days.