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.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.