The head of VTB called “nonsense” reports on Putin’s connection with the network of offshore


The head of VTB Andrey Kostin in an interview with Bloomberg TV on Monday called “nonsense” reports that Russian President Vladimir Putin allegedly linked to a network of offshore companies for $2 billion, He noted that journalists in published documents there is no information about what the name of the President of Russia is in the process of registration of offshore companies.

“I didn’t read anything that was directly associated with Putin”, — said the banker told. “And the fact that his daughter was celebrating a wedding at a ski resort “Igora” which is actually inexpensive and which is used for weddings dozens of people in St. Petersburg every week, I don’t know how this could relate to Putin with any offshore business,” said Kostin.

“They say that some people who knew Putin, have some offshore business. What’s wrong with that?” he said. Kostin noted that in Russia there are no offshore zones, and the Russians and Russian companies are not breaking the law, registering a business offshore. He also recalled that the Russian government has declared ‘de-offshorisation’ and the Amnesty of capital.

In an interview Kostin also denied reports that the Cypriot Russian Commercial Bank (RCB), controlled by VTB, were issued to the companies Sergei Roldugin unsecured loans.

In December, Reuters with reference to sources wrote that in February 2013 the ski resort “Igora” which co-owner is the family of Yury Kovalchuk, was celebrated the wedding of a shareholder of SIBUR Kirill Shamalov and Katerina Tikhonova, which the Agency calls the daughter of Vladimir Putin. According to the Agency, the ceremony was held in secrecy.

Sunday, April 3, the international consortium of journalistic investigations (ICIJ) has published materials in which it is alleged that members of the “inner circle” of the President of Russia was transferred through offshore companies at least $2 billion As noted by the authors of the investigation, while Putin’s name doesn’t appear in documents, the data indicate that “friends of the President” earned millions. Press Secretary of the President of Russia Dmitry Peskov said that all comments on the documents will give later.