Russian bank VTB no longer has control of European subsidiary, German regulator says
![]() 386 Monday, 11 April, 2022, 11:12 Russian bank VTB (VTBR.MM) can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said on Sunday. The European Union on Friday formally adopted new sanctions against Russia, which will ban a range of imports and also ban all transactions with four Russian banks, including VTB. read more BaFin said following the sanctions, management at VTB's Frankfurt-based subsidiary is no longer allowed to take instructions from the parent bank, and that the parent company cannot access the financial assets or economic resources of its European unit. |
Rosneft says Germany's Schroeder steps down from board
31520.05.2022, 16:36Zurich Insurance to sell Russian business to local team
32320.05.2022, 11:18Recruitment agency Kelly Services will sell a business in Russia
33020.05.2022, 11:06Elon Musk’s SpaceX selling shares possibly to finance Twitter bid
34217.05.2022, 12:36The largest banks in Japan lost more than $2.7 billion due to anti-Russian sanctions
33417.05.2022, 12:18EU sanctions deal could still be weeks away, Borrell says
37516.05.2022, 23:48McDonald's to sell its business in Russia
30916.05.2022, 15:18Japan bans exports of hi-tech goods to Russia starting from May 20
34113.05.2022, 10:24