VTB is also due to be excluded from SWIFT global payments messaging system as part of the west’s financial sanctions regime. Russia’s largest bank, Sberbank has already announced leaving European market earlier last week. Sberbank and VTB account for over half of Russia’s banking market.
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against units of St. Petersburg, Russia based banking giant VTB - JSC VTB Bank (VTB) and VTB Capital PLC - for executing fictitious and noncompetitive block trades in Russian Ruble/U.S. Dollar (RUB/USD) futures contracts, which were cleared through the Chicago…
Read moreRussian banking giant VTB Group has become the fourth company to receive a license from the Bank of Russia to operate a retail forex brokerage serving Russian traders. The Bank of Russia has announced that it has issued a professional securities market participant license to VTB subsidiary VTB 24 Forex, effective September 1. VTB is the…
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