VTB: VTB 24 inclusion in the list of sectoral sanctions the United States will not affect its customers

VTB: VTB 24 inclusion in the list of sectoral sanctions the United States will not affect its customers


MOSCOW, December 22. The inclusion of VTB 24 in the list of sectoral sanctions the United States will not affect his clients. This was reported by the press service of VTB.

In a press-service of the Bank said that it is only to clarify the list of organizations subject to sanctions.

See also

The United States expanded the list of persons and organizations in Russia, subject to sanctions in connection with Ukraine

“VTB 24 now de jure unable to borrow in the American market that it previously did not. The Bank’s customers would not be affected,” – said in VTB.

Earlier, the U.S. Treasury announced that VTB 24, as well as a number of subsidiaries of VTB and Sberbank entered in the updated sanctions lists of the USA.

Also in the sanctions list included, in particular, Mosoblbank, Novikombank and “Yandex.Money.”

VTB 24 is a subsidiary Bank of VTB group, focuses on serving individuals, individual entrepreneurs and small business organizations. Authorized capital amounted to 103.9 billion rubles.

Sanctions Of Washington

The United States began to impose sanctions against Russia in connection with events in Ukraine and the reunification of the Crimea with Russia in March 2014. Under their action came a number of Russian banks and companies, as well as high-ranking officials, was prohibited the export of American goods, technologies and services to Crimea. American investment in the Peninsula, too, was outlawed. The sanctions had been extended and extended. Today, the US sanction list includes 87 names, 49 Russian companies, banks and organizations, and proclaimed the Donetsk and Lugansk people’s Republic and their structure.