VTB says it has worked out options to counter UK sanctions

VTB Bank had time to prepare for the toughest sanctions scenarios. The bank has worked out several plans to counter sanctions in order to minimize the negative consequences for customers

VTB has worked out several plans to counter sanctions in order to minimize the negative consequences for customers, the bank told RBC.

“Sanctions have been a reality for us over the past few years, and the next round of politically motivated anti-Russian sanctions did not come as a surprise. We have had time to learn lessons and prepare for the toughest scenario,” the bank said in a statement.

Britain imposed sanctions against VTB, Aeroflot, Rostec, USC and UAC

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