Cyprus Seeks Russian Rescue
No deal says Russia. A begging mission to Moscow by Cyprus's Finance Minister has failed to secure any new money or even an extension to a current loan. But Michael Sarris says he won't give up seeking help from Russia - a country with significant investment interests in Cyprus. Banks across the island remain closed until at least Thursday. The prospect of a bank run when they open almost a certainty says Jeremy Batstone-Carr from Charles Stanley.
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