Support The Moscow Times!
Contribute today

VTB Supports Bank Buy

By The Moscow Times

VTB Group’s supervisory board on Tuesday approved the purchase of 100 percent of TransCreditBank, a lender controlled by Russian Railways.

VTB plans to buy TransCredit from Russian Railways and minority shareholders by year-end, VTB said. VTB will pay no more than 2.2 times TransCredit’s adjusted Tier 1 capital as of the end of 2010. 

(Bloomberg)


Read more

In depth

Russian Officials Fighting in Ukraine Seek Profile Boost, Career Advancement

Yet, for most officials, volunteering to fight in Ukraine has so far delivered few if any tangible professional benefits.
4 Min read
wrestling with costs

Russia Curbs Gas, Diesel Exports to Stabilize Fuel Prices

“Temporary restrictions will help saturate the fuel market, which will in turn reduce prices for consumers,” Russia’s cabinet of ministers said.
2 Min read
killed servicemen

Azerbaijan's Aliyev Apologizes for Russian Peacekeeper Deaths in Karabakh

Russia’s Defense Ministry said one of its vehicles came under fire while returning from an observation post on Wednesday.
2 Min read
death toll

Mobilized Russian Troops Endure Quick Losses in Ukraine War – Report

One in five mobilized Russian soldiers who died in the Ukraine war were killed less than two months after being enlisted, according to IStories and CIT...
2 Min read