Russia's VTB calls Western sanctions 'unjust', 'politically-motivated'


  • World
  • Wednesday, 30 Jul 2014

MOSCOW (Reuters) - VTB, Russia's second-largest bank by assets, called sanctions imposed by the United States "politically motivated" and "unjust" on Wednesday but said it was confident it could raise capital if needed.

The United States put sanctions on VTB, Bank of Moscow and Russian Agriculture Bank on Tuesday over Moscow's support for rebels in Ukraine, expanding the list of Russian banks subject to U.S. sanctions to almost all its largest under more than 50 percent of state ownership, except for Sberbank.

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