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VTB's statement on U.S. sanctions

 
30 July 2014

© photoexpress.ru

VTB regrets the US Government’s decision to limit the bank’s access to capital markets. This move appears particularly misguided given that VTB strictly adheres to all applicable international laws and regulations, including those set out by the US authorities, which they are well aware of. We view this decision as politically motivated, unfair, legally dubious and economic damaging for all parties.

VTB is a systemically important institution in Russia with a diverse international presence and solid financial position. In spite of the discriminatory decision taken by the US, VTB will continue to meet all of its obligations to its clients, investors and other stakeholders.

The measures taken by the US Government to restrict VTB’s access to the capital markets do not impact the bank’s operational performance and creditworthiness. VTB enjoys an excellent reputation among international investors, and has a very strong borrowing record and expertise in various geographies in addition to western markets. We are confident in our ability to raise new funding when necessary.


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