Implementing stricter banking regulations known as Basel III will cost Russian state bank VTB up to 14 billion roubles ($233 million) a year, chief executive Andrey Kostin said on July 13.
Reuters: Russia’s VTB says Basel III to cost it 14 billion roubles a year
The National Corps Party graffitied VTB Bank on Pushkinska Street on Feb. 3 in protest of subsidiaries of Russian banks operating in Ukraine. Ukrainian activists on Feb. 2 protest the presence of Russia’s Sberbank in Ukraine.The protesters urged depositors to withdraw their money from the bank as part of a national protest against Russian-owned banks in Ukraine. Russia has been waging war against Ukraine for nearly three years, after invading and illegally annexing the Crimean peninsula.
