Published by
Reuters UK
Reuters UK
(Reuters) – Russian lender VTB was hit with sanctions by both the United States and the United Kingdom on Thursday, in the wake of Russia’s all-out invasion of neighboring Ukraine. Here are some key facts about the bank. WHAT IS VTB? VTB is the second-largest lender in Russia. As well as providing traditional banking services, it conducts investment banking operations through its VTB Capital arm. Founded in 1990, VTB was created to help facilitate Russian trade abroad and promote the country’s integration into the global economy. OWNERSHIP VTB is owned by the Russian state, which controls 92.2…