Russian Bank VTB has estimated losses from the Ukrainian sanctions
Russian Bank VTB could lose several hundred million dollars in Ukraine, introduced sanctions, but it is insignificant impact on the financial position of the companies.
This was stated by the head of the Bank Andrey Kostin, RIA Novosti reported.
“Most of the losses have already been taken by us, it is the immaterial part… I think for us is the amount of several hundred million dollars”, — said the head of VTB.
Kostin added that to sell the Ukrainian “daughter” difficult, as Ukraine’s banking sector and the economy are in a difficult situation.
“The political climate and the constant threats — bullying is even: broken glass, bricked walls — it’s not just so, and creates a certain atmosphere and scares of the buyer”, — said the head of the Board of VTB.
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The course on the way out. Russian Bank VTB will continue to work in Ukraine
We will remind, the President Petro Poroshenko enacted the decision of national security Council and defense of Ukraine of March 15, 2017 “On the use of personal special economic and other restrictive measures (sanctions)” in respect of Russian banks.
They will be introduced one year for public joint-stock company “the savings Bank, PJSC “Vs Bank”, PJSC “joint-stock commercial industrial-investment Bank”, PJSC “VTB BANK”, PJSC “BM BANK”.
Penalties apply to prevent withdrawal of capital abroad. In particular, it is prohibited any operation in favor of the parent banks, as interbank loans, deposits, subordinated debt, placement of accounts on correspondent accounts, etc. Also introduced a ban on the payment of dividends, interest.