Support The Moscow Times!

Sanctioned Russian Bank VTB Raises Stake in HALS-Development

Bank of Moscow, a unit of Russia's second-biggest lender VTB, bought 42.3 percent in real estate developer HALS-Development, the companies said on Tuesday.

State-controlled VTB already owns 51.2 percent of the company.

See also:

FTSE to Keep Sberbank, VTB in Indexes Despite Sanctions

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.