INAUGURAL LAZADA RUN TO ADD FITNESS TO LIFE ACROSS SOUTHEAST ASIA
Posted On February 7, 2023
Reuters
Russian state bank VTB blames all of 2022 losses on sanctions -CEO
Andrei Kostin, CEO of Russia’ No. 2 bank VTB on Tuesday blamed sanctions for the lender’s entire 2022 losses, a rare acknowledgement that Western efforts to punish Moscow over the Ukraine conflict have crippled parts of Russia’s financial sector. The West blocked several major Russian banks’ access to the international SWIFT payments system soon after Moscow sent tens of thousands of troops into Ukraine on Feb. 24 last year, with dominant lenders Sberbank and VTB forced to shutter operations across much of Europe.
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