Kostin predicted the rise of companies 50% when removing their sanctions


The shares of Russian companies involved in the sanctions lists, can up by 50% after the abolition of restrictive measures against them the EU and the US, said VTB Andrey Kostin in an interview with TV channel “Russia 24”.

“I think up to 50% may grow the shares of companies that are under sanctions, but provided that both European and American sanctions will be lifted”, he said (quoted by “Interfaksu”)

While Kostin said that the sanctions affect the timing of privatization and in any case, VTB shares will be sold at a price below market. “My position is that it will be the market minus discount definitely. Any benefits in these conditions, it’s unprofessional, it’s just people who generally know nothing about it can talk about some today hourly price,” added Kostin.

According to the head of VTB, to cancel part of sanctions against Russia can count already this year. “We today, the German representatives said they hope and believe that in the summer of positive changes will happen, i.e. there is some movement towards the abolition of the most drastic sanctions and most sensitive they expected,” he said.