Cyprus poses no systemic threat to Russian banks: central bank

Published March 22, 2013

| Reuters

MOSCOW – The financial crisis in Cyprus poses no systemic threat to the Russian banking system, a first deputy chairman of Russia's central bank, Alexei Simanovsky, said on Friday.

Simanovsky added that he saw no risks that any Russian banks would fail as a result of the economic crisis that has hit the Mediterranean island.

Cyprus's finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its financial system.

(Reporting by Oksana Kobzeva; Writing by Katya Golubkova; Editing by Douglas Busvine)

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