BREAKING NEWS

BREAKING NEWS

Russia's VTB says asset freeze could force it out of Ukraine market

Now Reading :

Russia's VTB says asset freeze could force it out of Ukraine market

Russia's VTB says asset freeze could force it out of Ukraine market
@ Copyright :
Eduard Korniyenko(Reuters)
Text size Aa Aa

MOSCOW (Reuters) - Russian state lender VTB <VTBR.MM> said on Tuesday that it may be forced to leave the Ukrainian market and that its work there had been effectively paralysed after a court in Kiev ordered assets belonging to it to be frozen.

VTB said the court viewed its assets as Russian property and that it had frozen them in order to implement a ruling against Russia at an international arbitration court in The Hague in September.

(Reporting by Vladimir Soldatkin; writing by Tom Balmforth)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.