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Move follows lawsuit from state-owned bank VTB to recover funds held at America’s largest lender
Green light for tie-up of VTB with Otkritie and RNCB sign of looming consolidation and thwarted global ambitions
Libya’s sovereign wealth fund owns Square Mile block rented by Russian bank
Plus, Warren Buffett snubs Goldman Sachs in his offer for Alleghany
Moscow bankers caught out by speed of hit from western sanctions
Group winds down operations after assets frozen by western allies
Central bank will try to bail out lenders in trouble but bigger concern is access to hard currency
Sberbank and Gazprombank not on proposed list for sanctions, say people with knowledge of talks
Action against Sberbank and four other lenders will damage economy’s capacity to do business outside borders
Recently sanctioned London-listed company seeks to simplify ownership structure
State-owned bank seeks to recover its share of a loan at centre of bribery allegations
Serbian company backed by BC and KKR vies with Providence to buy former monopoly
Russian bank approached by two state-related industrial groups about share sale
Lazard has been appointed to sell country’s largest telecoms company
Russian state bank takes 20% stake in Channel One station
Kremlin-run bank has agreed to buy grain terminal of country’s busiest port
Treasury says EN+, Rusal and EuroSibEnergo have ended Russian billionaire’s control
Proprietors including Mikhail Fridman deny attempt to sell Russia’s largest private bank
Western sanctions have hit VTB hard, but its leader’s wry sense of humour is intact
VTB says mysterious payment to Central African Republic was software bug
Central bank says Kremlin-run lender ‘failed to comply with banking law and regulations’
Banks have difficulty meeting capital needs and paying profits in dividends to state
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