According to him, he previously collaborated with the heads of banks in Europe and the United States.

He said that he still gets New Year's greeting cards, but he thinks that publicly in the West they will say about him that "he is toxic."

“Until recently, I was not so toxic.

An abscess has opened up between the West and us,” TASS quoted him as saying.

The head of VTB expressed the opinion that the actions of the West in relation to Russia make business look at the situation differently and forget about friendship with Western countries for a long time.

Earlier, the heads of large Swiss banks told the Financial Times that wealthy clients from China are afraid to keep their money with them because of Western sanctions against Russia.

In September, Kostin said that the adaptation of the banking sector to the new conditions will take more than one year.