Support The Moscow Times!

VTB Setting Up Developer

VTB Group is setting up a developer to manage construction assets it gained during the economic crisis, Vedomosti reported, citing two unidentified clients of the state-run bank.  

The bank has hired about 40 to 50 people and could create one of Russia’s largest property companies if it combines the new structure with its VTB-Development unit, which has investments in St. Petersburg, the newspaper said. 


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.