VTB Bank isn't letting a bad year get in the way of a good party. Executives at the state-controlled Russian bank, which has cut hundreds of employees following U.S. and European Union sanctions, are betting a little jazz and vodka with the world's elite will dull the pain. VTB threw a soiree on Jan. 20 at the World Economic Forum in Davos, Switzerland, where guests were treated to what an invitation sent to delegates called a "modern Russian atmosphere" at the ski town's InterContinental Hotel.
Russia's War Against Ukraine
Bloomberg: Russians party on in Davos as vodka flows and Ukraine burns
Russian billionaires and business leaders aren't planning to lower their profile in Davos this year despite economic sanctions placed on the country following President Vladimir Putin's annexation of the Crimea region of Ukraine in March.
