Russia does not plan to ratify Paris Agreement on climate earlier than 2020 — ministerRussian Politics & Diplomacy October 28, 21:48
Russian Foreign Ministry: Pictures of attacked school in Idlib are 'computer graphics'World October 28, 21:21
Kissinger becomes Russian Academy of Sciences memberWorld October 28, 21:12
Kremlin gives no comment on reports that Russian, US jets flew dangerously close in SyriaRussian Politics & Diplomacy October 28, 20:13
Two of four Soyuz crews to fly to ISS in 2017 will be smaller than usualScience & Space October 28, 20:05
Foreign Ministry: Two mortar shells fired on Russian embassy in SyriaRussian Politics & Diplomacy October 28, 19:52
Kremlin: Russia may use all available means against terrorists in AleppoRussian Politics & Diplomacy October 28, 19:26
Russian Foreign Ministry refutes reports about alleged deportation of Russians from SerbiaRussian Politics & Diplomacy October 28, 19:07
Moscow slams US marines’ deployment in NorwayRussian Politics & Diplomacy October 28, 18:57
WASHINGTON, October 11. /TASS/. Most American counterparts are ready to continue cooperation with the Russian VTB Group, the Group’s head Andrei Kostin told reporters on sidelines of the IMF and World Bank autumn session on Saturday.
“It is most important now to keep the system of correspondent relations, the settlement system, short-term money market transactions, swap operations in order to provide regular banking activities,” he said.
As the U.S. and the EU introduced sanctions against Russia, VTB could not attract long-term financing in those markets.
The Group has been negotiating ways to continue work which is not affected by the sanctions.
“I must say, here we receive positive responses from our Western counterparts,” the banker said. “Not from all. There are bankers, who prefer nowadays refraining from intensive contacts.”
Besides the direct damage from the sanctions, the banker mentioned the indirect damage related to banks overcautious policies.
“Western financial institutions after announcement of the sanctions have established a special control regime over any operations of Russian banks,” he said. Lately, he said, American and European financial institutions have paid huge fines for operations with countries, against which the U.S. and the EU had announced sanctions.
American banks only paid $200 billion in fines.
“Thus, overcautious polices do affect the situation today,” he said. “In the very beginning we experienced problems with payments, those were mostly delays.