Tag: VTB Bank
China, Turkey and UAE are turning away – pressure on Russian banks and politicians is increasing
ICBC branch in Beijing China’s largest bank won’t accept payments from Russian banks under Western sanctions. (Photo: Reuters) Przemysl Only a strong last quarter saved Russia’s banks from a year…
New mobilization – How the Kremlin harassed fleeing Russians
Vladimir Putin, Commander-in-Chief Gerasimov The Kremlin wants to confiscate the money of those who have left the country since the first partial mobilization. (Photo: via REUTERS) Berlin Ahead of an…
How Russia’s VTB Europe survived a bank run
Frank Hellwig and Miro Zadro What the managers will do from 2024 is still open. (Photo: dpa, Imago, VTB [M]) Frankfurt When Miro Zadro looks at his mobile phone at…
How Russia’s VTB Europe survived a bank run
Frankfurt When Miro Zadro looks at his mobile phone at 6:45 a.m. on February 24, the entire display lights up green. “They invaded” is the first WhatsApp message read by…
How Europe diverts gas flows and breaks away from Moscow
Gas production in Algeria Energy from North Africa is to replace supplies from Siberia. (Photo: dpa) Paris Germany has had a new gas connection since mid-October: Natural gas flows from…
Germany’s alliance with Qatar: human rights or natural gas?
Inside view of an uncomfortable nation Qatar is an important trading partner for the West. The football World Cup puts it even more in the focus of the world public.…
Germany’s alliance with Qatar: human rights or natural gas?
Inside view of an uncomfortable nation Qatar is an important trading partner for the West. The football World Cup puts it even more in the focus of the world public.…
Russia calls off bond auctions – lack of bids “at acceptable levels”
Mikhail Mishustin The prime minister expects a budget deficit of two percent next year. (Photo: IMAGO/SNA) Moscow The Russian Ministry of Finance has canceled the auction of government bonds. There…
Citigroup liquidates branches in Russia
Citigroup Inc. On Thursday, the US bank in New York announced that it would close 15 branches with around 2,300 employees in Russia. (Photo: Reuters) Frankfurt The major American bank…
Moscow wants to block the withdrawal of foreign credit institutions
Frankfurt, Riga It is a statement that would drastically change the strategy of credit institutions in Russia: Moscow apparently wants to block the sale of Russian subsidiaries by foreign banks.…
Selling Russian Stocks – What Experts Advise
Moscow Stock Exchange Trade for foreigners is set to resume soon. However, it is unclear how the proceeds are to be transferred abroad. (Photo: Reuters) Frankfurt These days, holders of…
“As a small country, we cannot afford hostilities between large power blocs”
Berlin Given his wealth of power as Deputy Prime Minister, Foreign Minister and Head of the Qatar Investment Authority (QIA) sovereign wealth fund, Sheikh Mohammed bin Abdulrahman Al-Thani is de…
“As a small country, we cannot afford hostilities between large power blocs”
Berlin Given his wealth of power as Deputy Prime Minister, Foreign Minister and Head of the Qatar Investment Authority (QIA) sovereign wealth fund, Sheikh Mohammed bin Abdulrahman Al-Thani is de…
Bankruptcy of the Netherlands subsidiary of the Russian Alfa Bank hits German savers
Alfa Bank founder Mikhail Fridman Its connection to Russian oligarch Mikhail Fridman and Alfa-Bank, which he founded, put Fibr Bank, formerly called ATB, on Western sanctions lists. (Photo: REUTERS) Frankfurt…
Bafin uses special representatives at VTB Europe
The VTB Bank logo The European subsidiary of the second largest Russian bank was on the brink at the beginning of the Ukraine war, but has since stabilized. (Photo: Reuters)…
Russian bank VTB loses control of European subsidiary
The logo of the Russian VTB Bank The EU’s new package of sanctions also affects Russia’s second-largest bank. (Photo: Reuters) Frankfurt The German financial regulator Bafin has prohibited the major…
EU states apparently decide on fifth sanctions package against Russia
European Council meeting room in Brussels There were some delays in the negotiations between the 27 EU countries on the sanctions. (Photo: Reuters) The 27 EU countries have launched the…
EU states apparently decide on fifth sanctions package against Russia
European Council meeting room in Brussels There were some delays in the negotiations between the 27 EU countries on the sanctions. (Photo: Reuters) The 27 EU countries have launched the…
Deutsche Börse: Head of Compliance is leaving the company
Sabine Roeckl-Schmidt The 57-year-old has been in charge of the compliance department for almost three years. Frankfurt Deutsche Börse loses its compliance chief. Incumbent Sabine Roeckl-Schmidt will leave the company,…
EU wants import ban on Russian coal
Mining in Russia’s largest coalfield The EU wants to stop importing coal from Russia in response to alleged crimes by the Russian army. (Photo: dpa) Brussels The EU Commission has…