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Statement on accusations by Ukrainian authorities

26 September 2014

Claims made by the Ukrainian authorities that the placement of USD 3 billion in bonds was carried out illegally are completely baseless. The placement was carried out in full accordance with English law and applicable Ukrainian legislation.

The Ukrainian government itself selected VTB Capital Plc. to arrange the placement, and the bank carried out the placement in line with the best international banking practice.

VTB Capital

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