Aksakov: U.S. sanctions against Sberbank and VTB will not exert any influence on them

Aksakov: U.S. sanctions against Sberbank and VTB will not exert any influence on them


In Sberbank and VTB understood that their daughter may be under sanctions, so this factor was taken into account in their work, said the head of Association of regional banks “Russia” Anatoly Aksakov.

MOSCOW, 22 Dec. Extended US sanctions against subsidiaries of Sberbank and VTB will not affect these banks, because understanding of this factor and have previously taken into account in their work, said the head of Association of regional banks “Russia” Anatoly Aksakov.

On Tuesday, the US extended sanctions list against Russia, including a number of subsidiaries of Sberbank and VTB. In the list of sectoral sanctions have been added a number of foreign subsidiaries of VTB and Sberbank. In addition, it included VTB 24, “VTB-insurance”, VTB-leasing, as well as “Sberbank-Capital”, “Sberbank capital”, “Sberbank insurance”, and Sberbank investments “Sberbank-leasing”.

“Everyone really understood that there may be problems for organizations that are relevant to these banks (Sberbank, VTB – ed), and so all these issues were resolved and the real impact on the situation the decision will have,” — said Aksakov.

Speaking about the Russian subsidiaries of the savings Bank, he noted that they were not involved in international trafficking, so to say that this will affect their work.

“I think that there are more moral effect. Honestly, for me this is an unexpected decision because the situation now is moving in a positive trend, in the sense that Europeans and Americans say that we should work with Russia”, — he admitted.

Aksakov said that was at session American-the Russian business Council in new York, where many also spoke about the need to actively develop relations with Russia. “All the latest trends talked about what is the situation on the change of attitude towards the sanctions, and this statement further emphasizes the political nature of such decisions,” he concluded.