Articles - The Moscow Times

Support The Moscow Times!

Contribute today

Russians’ Cash Savings Reach All-Time Low – VTB

Gorshkov also said that high interest rates would result in Russians transferring around 350 billion rubles of their cash savings into banks this year...

Russian Court Orders Seizure of JPMorgan Funds as VTB Seeks Damages for Assets Blocked Abroad

The St. Petersburg Arbitration Court ruled to seize $155.8 million in any currency from all JPMorgan bank accounts, according to Reuters.

U.S. Charges Russian Banker Kostin With Sanctions Evasion, Money Laundering

The indictment is part of five charges the U.S. brought against "Russian criminals who finance and enable Russia’s war."

Sanctioned Russian Banks To Expand Into Crimea

Heavily sanctioned by the West, most Russian banks now have little to fear from working in the annexed territory.

Fading Sanctions Fears Push VTB to Retake Control of Pochta Bank

VTB to reverse the deal which saw it relinquish majority control following U.S. sanctions on Russia in 2014.

Russian Share Prices Collapse, Ruble and Oil Tumble

‘Black Monday’ sees state-backed Sberbank, VTB, Rosneft and Gazprom all suffer multi-billion dollar hits to their share price.

Russia's VTB Sues Mozambique State Firm at Center of $2B Debt Scandal

The VTB loan was part of a costly project that U.S. authorities say was an elaborate front for a bribery and kickback scheme.

5 Things to Know About Russia’s Alleged Banker-TV Anchor Couple

Alexei Navalny’s latest investigation claims that a state banker showered a television anchor with millions of dollars of gifts.

Russian Bank Execs Vow to Fight ‘Lord Dollar-de-Mort’ in Harry Potter Cosplay

U.S. sanctions sometimes have unintended results.

Russia’s VTB Banking on Crops Expansion

The state-backed bank has enlisted Putin’s help to become a national grain champion.

Russia’s VTB Bribe Claim May Set Back Kremlin Bank's Africa Ambitions

Senior bank executive accused of taking $2 million in kickbacks.

Russia’s VTB Bank Demands $500M from Mozambique Government

Mozambique guaranteed $500 million of VTB loans for defense and development projects which have been hit by a corruption scandal.

VTB in Talks With China on EN+ Investment – FT

Commodities and energy giant EN+ was under U.S. sanctions for the second half of last year.

'Dear Vladimir': VTB Asks for Putin's Help to Create Russian Grain Champion

VTB has written a letter to Putin asking for greater state control over grain exports to curb the role of foreign traders.

Head of Major Russian Bank Greets Investors in Star Wars Jedi Costume

Kostin, the sanctioned head of VTB, was seen wearing an Obi Wan Kenobi costume at Russia’s largest financial conference this week.

Russian Bank Reports Assigning $12Bln Loan to Poor African State by Mistake

The reported loan was more than six times the country's annual economic output.

Russian Bank Apologizes After CEO Calls UK's Boris Johnson a 'Jerk'

"Look at the jerks in the West, say at Johnson and others," Kostin said, to applause.

Russia's VTB Bank Stops Lending to Sanctions-Hit Deripaska

VTB would “potentially” cease lending to other Russian tycoons targeted by U.S. sanctions, Kostin said.

West Is Waging 'Economic War' on Russia to Topple Kremlin — Bank CEO

Kostin described western sanctions as a “full-scale attack on Russia, on Russian society.”

Russia's VTB Bank Fined $5M for Illegal Trades

The U.S. Commodity Futures Trading Commission (CFTC) has fined Russia's VTB Bank $5 million after accusing the company of illegal trading. The St. Petersburg-based...

View more articles