Contents tagged with Evrofinance Mosnarbank
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Kremlin takes over sanctioned Russian-Venezuelan bank
The Russian government has decided to take over VTB Bank’s shares in Evrofinance Mosnarbank, which has come under sanctions for servicing payments by the Nicolas Maduro regime in Venezuela.
VTB’s share in the bank of 25% plus one share, which is held through VTB’s foreign offices and ITC Consultants, will most likely be transferred to the Federal Agency for State Property Management at no cost, VTB head Andrey Kostin announced on Thursday.
“The decision has been made, and it has been approved …