Support The Moscow Times!

State May Sell VTB Stake

The government may sell a 10 percent stake in VTB Group, after boosting its stake to 85.5 percent last year during the economic crisis, Vedomosti reported, citing an unidentified person close to the bank’s management.

Kuwait has held talks with Russia about buying a stake in VTB, Sheikh Ahmad Al-Abdullah Al-Sabah, the Persian Gulf nation’s oil minister, said in an interview.

(Bloomberg)


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.