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Russias VTB could suffer heavy Ukraine losses, deputy CEO says
Journal Staff Report

MOSCOW, March 30 - VTB could suffer an estimated 10-20 billion rubles in losses if the negative scenario regarding its Ukrainian subsidiary materializes, VTB Deputy CEO Yuri Soloviev told journalists. In the positive scenario, the group could make a small profit.

"Ukraine brought us quite significant losses. All of this has naturally accelerated with certain actions of Ukraine's government. The latest events under which the actions and political sanctions were allegedly invoked to protect Ukraine's assets, at the end of the day accelerate the problems that banks are facing. They lead to a situation in which banks have growing problems with liquidity," he said.




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Currencies (in hryvnias)
  21.09.2018 prev
USD 28.06 28.12
RUR 0.422 0.420
EUR 33.03 32.81

Stock Market
  20.09.2018 prev
PFTS 539.4 539.2
source: PFTS

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