The UK’s banking watchdogs are closely monitoring the London-based arm of VTB, Russia’s second-biggest lender, amid suggestions that it could collapse this week, Sky News understands.
The London-based arm of VTB Bank, Russia’s second-largest lender, is close to being placed into insolvency proceedings after international sanctions curbed its ability to continue operating.
Banking industry sources said that VTB Capital could fall into a special administration or liquidation process as soon as this week.Sanctions can only be lifted if Russia withdraws
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