Titov: the EC decision on the prohibition of the analysis of the banks is shot yourself in the foot

Titov: the EC decision on the prohibition of the analysis of the banks is shot yourself in the foot


The ban of the European Commission to the banks of Europe to produce analytical materials on the securities targeted by the sanctions of Russian issuers will have no impact on the operations of Russian companies and banks, in particular VTB, said the first Deputy Chairman of VTB, Vasily Titov.

VERONA (Italy), 22 Oct. The ban of the European Commission to the banks of Europe to produce analytical materials on the securities targeted by the sanctions of Russian issuers will have no impact on the operations of Russian companies and banks, in particular VTB, said the first Deputy Chairman of VTB, Vasily Titov.

The European Commission this week banned European banks to produce analytical materials for the fall under the sanctions of Russian companies. According to the EC, the Analytics contained in research helps potential investors make decisions about buying, selling or maintaining assets. That is why such research should be prohibited.

“Today it became known that the European Union has passed a resolution forbidding European, financial and analytical institutions to publish statements about the state of Affairs in banks and Russian companies that are under sanctions. You know, it’s that shot themselves in the foot, we’re doing this work will not cease, and if someone will Rob their own customers knowledge about what is happening, it will benefit only others who have this information to supply”, — said Titov, speaking at the fourth Eurasian forum in Verona.

The fourth Eurasian forum in Verona is held together by the Fund forum and the Association “conoscere Eurasia”. SPIEF 2012 has been holding international sessions and supporting international business events in key regions of the world, including Eurasian forum.