Cyprus financial crisis

Associated Press
Cypriot students shout slogans near the presidential palace in capital Nicosia, on Tuesday, March 26, 2013. Banks across Cyprus remain firmly padlocked Tuesday after financial authorities extended the country’s bank closure, fearing worried depositors will rush to drain their accounts. The shut-down is hammering businesses, which have been without access to their funds for more than a week.(AP Photo/Petros Giannakouris)

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Russia rebuffed Cypriot entreaties for aid on March 22, leaving the island's increasingly isolated leaders scrambling to strike a bailout deal with the European Union or face the collapse of its financial system.

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