MOSCOW, March 16 - Russia's VTB plans for the time being to continue to work in Ukraine but to exit the country in time, the bank's head, Andrei Kostin, told reporters on the sidelines of a Russian Union of Industrialists and Entrepreneurs (RUIE) congress.

"We'll await the decision [by the Ukrainian authorities] and we'll be working, but in general we have our sights set on exiting," he said, commenting on the latest events in Ukraine related to actions with respect to the subsidiaries of Russian banks.