On March 22, the Cypriot parliament rejected a levy on bank accounts that international creditors, including the European Union and the International Monetary Fund, had set as a condition for providing a 10-billion euro ($13-billion) bailout for Cyprus. After that, Cypriot Finance Minister Michalis Sarris flew to Moscow but failed to persuade Russia to grant his country financial aid in return for investments in its national banks and gas projects.
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