|Bid||0.0514 x 80000000|
|Ask||0.0514 x 2201000000|
|Day's Range||0.0512 - 0.0517|
|52 Week Range||0.0442 - 0.0681|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 13, 2018 - Aug 18, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.06|
VTB (VTBR.MM), Russia's second-largest bank, has stopped lending to sanctioned Russian metals tycoon Oleg Deripaska, VTB's President Andrei Kostin told CNBC in an interview released on Wednesday. Washington last month imposed sanctions on some of Russia's biggest companies and businessmen, including Deripaska and his aluminum empire, in response to Moscow's alleged meddling in the 2016 U.S. presidential election and other activities. "Of course, we are not lending any new money to him, we are not having any operations with him," Kostin told CNBC, adding that VTB was waiting to see what the U.S. Treasury Department's next steps would be.
Russia's second-largest bank has said it has restrained lending to Russian billionaire Oleg Deripaska on the back of the U.S. sanctions against the oligarch.y.
Diplomatic tensions and the "aggressive policy" of the U.S. toward Russia are of more concern than sanctions, Andrei Kostin told CNBC.
Russian business lobby groups voiced opposition on Wednesday to a draft law that would make it a crime to comply with sanctions imposed by the United States or other countries. The United States last month imposed sanctions on some of Russia's biggest companies and businessmen, striking at allies of President Vladimir Putin to punish Moscow for alleged meddling in the 2016 U.S. presidential election and other "malign activities". In retaliation, Russian lawmakers in a first reading approved a bill making it a crime punishable by up to four years in jail to refuse to supply services or do business with a Russian citizen, citing U.S. or other sanctions.
Kazakhstan has chosen JP Morgan and VTB Capital to lead the international listing of Kazakhtelecom, the country's largest telecoms operator, two financial sources familiar with the matter said. The listing in London or Hong Kong could be the first in a string of sales from a privatisation programme in Central Asia's biggest economy.
The CEO of Russia's VTB Bank , Andrey Kostin, said on Friday he landed on a new U.S. sanctions list because of Washington's misunderstanding of the Russian government's intentions, TASS news agency reported. Kostin added he had done nothing wrong and had always tried to foster good working relations with U.S. banks and investors. The United States imposed new sanctions against Russian businessmen, companies and government officials on Friday in one of Washington's most aggressive moves to punish Moscow for a range of activities, including alleged meddling in the 2016 U.S. election.
The claim that the Bitkov developments were orchestrated by a Kremlin agenda are made even less plausible by the role of the U.S.-funded U.N. International Commission Against Impunity (CICIG).
MOSCOW (Reuters) - Russia's VTB Bank sees the Magnit supermarket chain only growing organically rather than via mergers and acquisitions, the Interfax news agency cited Yuri Soloviev, a senior executive ...
Russia's Promsvyazbank is to receive up to 1 trillion roubles ($17.60 billion) in the defence sector's loans which will be transferred mainly from state banks Sberbank and VTB, Russia's Finance Minister told reporters on Thursday. Anton Siluanov also said PSB would receive between 80 billion roubles and 100 billion roubles in capital via special instruments the Russian government used in previous years to support the banking sector. The owners of Promsvyazbank agreed to a central bank bailout last year and the lender is due to be transferred to the state to serve the defence sector amid the risk of expansion of Western sanctions.
MOSCOW/PARIS, Feb 7 (Reuters) - Russian businessman and lawmaker Suleiman Kerimov is in talks with the majority shareholders of Russia's Vozrozhdenie bank about buying their stake in the lender, two sources close to the talks told Reuters on Wednesday. The bank's majority owners, brothers Dmitry and Alexei Ananyev, are required by the Russian central bank to reduce their stake to 10 percent, under the terms of a bailout for another lender the brothers controlled.
Russia's cleanup of its banks is more than half complete, central bank Governor Elvira Nabiullina said on Friday. Since Nabiullina took the helm in mid-2013, Russia has lost around a half of its banks, with some collapsing and others taken over by the central bank in a bailout. The biggest were Otkritie, B&N and Promsvyazbank (PSB), seized by the central bank last year.
International asset managers appear unfazed by Washington's move to name a group of business "oligarchs" as close to the Kremlin, with many saying on Tuesday that they were seeking an opportunity to add to their Russia exposure. The list compiled as part of a sanctions package signed into law in August named 210 people close to the Kremlin. The names include the heads of Russia's top two lenders Sberbank and VTB, metals magnates from Norilsk Nickel , Rusal and Severstal and the boss of the state gas monopoly Gazprom.
World stocks were stuck in their biggest two-day dive in almost six months on Tuesday and commodities were also jammed in reverse, as nerves about rising global borrowing costs cooled financial markets' euphoric start to the year. Lacklustre German state inflation numbers had halted U.S. Treasury yields - the benchmark for world lending rates - at 2.7 percent in Europe, but with an action-packed day ahead for U.S. markets the mood remained nervy.
Emerging market equities tumbled 1.3 percent on Tuesday after a spike in U.S. bond yields and a tech-led slide on Wall Street dampened risk appetite, but Russian shares rebounded on relief the U.S. had ...
Russian state bank VTB said on Wednesday it had agreed to loan 5 billion euros to China's CEFC to finance the purchase of shares in Rosneft, the RIA news agency reported. VTB Chief Executive Andrey Kostin ...
The threat of new U.S. sanctions has spread anxiety among Russia's wealthiest people that their association with President Vladimir Putin could land them on a U.S. government blacklist, members of the business elite say. The list, to be drawn up by early next year, is part of a sanctions bill passed overwhelmingly by Congress soon after Donald Trump became president and reluctantly signed by him on Aug. 2 despite his avowed wish to improve ties with Moscow. Although those included on the list would not automatically be sanctioned, six people who are part of the business elite or close to the Kremlin said it was a major concern because the criteria for inclusion and the consequences were unclear.
VTB Bank Chairman and President Andrey Kostin responds to reports regarding alleged shunning by the Americans of Russians at the World Economic Forum in Davos, Switzerland amid icy tensions between the two nations.