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VTB discusses strategic partnership with Ukraine

31 May 2012

On 30 May, 2012, a VTB delegation visited Ukraine. During the visit, the head of the delegation, Andrey Kostin, VTB Bank President and Chairman of the Management Board, met with Ukrainian President Viktor Yanukovich, as well as Sergey Arbuzov, Chairman of the National Bank of Ukraine, and Minister of Finance Yuri Kolobov.

The two sides addressed a wide range of issues on strategic cooperation. A key issue was VTB Bank’s loan to the Ukrainian Ministry of Finance, maturing at the beginning of July this year. The parties agreed on refinancing most of the loan for another two years.

VTB Group is interested in enhancing cooperation with the Ukrainian government and supporting the further development of the country’s economy.

«Ukraine is Russia’s most important partner and a key region for VTB Group».
Andrey Kostin 

Commenting on the visit, Andrey Kostin said: “Ukraine is Russia’s most important partner and a key region for VTB Group. I am sure that VTB and the Ukrainian government will continue their long-term strategic partnership, which will contribute to the systematic development of the Ukrainian economy as a whole”.  

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