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Russia’s VTB to hand over servicing of foreign securities to other firms

by Mike Robinson

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© Reuters. FILEPHOTO: In this image taken from Bosnia and Herzegovina (February 25, 2022), plastic letters reading “Sanctions” are placed in front the VTB logo. REUTERS/Dado Ruvic/Illustration

(Reuters) – Russia’s second largest state lender VTB said Thursday that it will hand over foreign securities servicing to Russian financial firms, according to the TASS news agency.

“This action would protect the assets of private investors, and allow them to buy or sell any assets they choose without limitation,” TASS quoted VTB as saying.

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