Contents tagged with Kostin
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Russia’s VTB bank: we are in Cold War with the West
Russia's exit from the SWIFT payment system will happen only if European governments decide to take such tough measures against our country, said the Chairman of the Russian VTB Bank management board, Andrei Kostin, in an interview with the German newspaper Handelsblatt.
"I don't think that's ever going to happen, unless European governments want to take such tough measures against Russia. But so far, even the United States does not have such plans. They would prefer to cut us off from the …
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Russia threatens to boycott Davos
On Tuesday, during his visit to Italy, Russia’s Prime Minister Dmitry Medvedev announced that Russia would boycott the World Economic Forum in Davos, if the head of VTB, Andrey Kostin, co-owner of Rusal, Oleg Deripaska, and the main shareholder of the Renova group, Viktor Vekselberg, are not allowed to come to the conference.
The Davos forum leadership’s decision, requesting Russians that are under the sanctions not to come to the conference is "very strange," said Medvedev.
“If these …
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Head of Russia’s Alfa Bank sees no alternative to U.S. dollar
The Chairman of the Board of Directors of Alfa-Bank Group, Petr Aven, does not see an alternative to the U.S. dollar in case Russia completely moves away from using the US dollar for international trade.
“Today, I see no alternative in the global trade. It would be very inefficient and entail huge costs. If banks are cut off from the U.S. dollar, what should they do? Kostin (the head of VTB Bank Andrey Kostin) suggested the use of the Russian rubles. This is a bad decision for everyone. I …