It is reported by RIA Novosti.
“VTB is one of the backbone banks in Russia with a broad international presence and a stable financial position.
Sanctions have been a reality for us over the past few years, and another round of politically motivated anti-Russian sanctions did not come as a surprise,” the bank said in a statement.
VTB noted that the bank had time to prepare for the toughest scenario.
“We have worked out several plans to counter sanctions in such a way as to minimize the negative consequences for our clients,” the credit institution said.
They added that VTB has been and remains a reliable partner for millions of customers, investors and shareholders.
Earlier it became known that Switzerland is imposing financial sanctions on three Russian banks and travel restrictions for 336 State Duma deputies.
The Russian Foreign Ministry said that Moscow would respond in a mirror image to the sanctions of Western countries.