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VTB, Gazprombank, Vnesheconombank and Rosselkhozbank were barred from raising funds on European Union capital markets. Sanctions against the Russian state-owned banks were also imposed by Australia, Canada, Switzerland and Japan.
VTB Russia’s second
largest bank, adding that should it happen Russia has a “Plan B.”
If Russian banks no longer have access to
SWIFT, the American ambassador would leave Moscow the same day, he said.
Kostin
added that the banking system is highly dependent on the dollar and euro, and
is the most vu ...
VTB Bank has offered its clientele the opportunity to open Chinese yuan savings accounts that yield a maximum interest rate of 8%. The country’s second-biggest bank has been hit by the Western sanctions aimed at the total financial isolation of Russia over its war in Ukraine. With Russia now officia ...
VTB Bank has opened up a representative office in Iran as the two neighboring countries seek to further connect their interbank communication and transfer systems in the face of Western sanctions. Russia’s second-largest and majority state-owned VTB Bank has opened up a representative office i ...