US imposes new sanctions on Syria over suspected chemical attackWorld April 24, 21:23
Russian businessman plans to build sailplane to fly around the globe nonstop in 5 daysScience & Space April 24, 19:50
Roscosmos excludes three cosmonauts from space teamScience & Space April 24, 19:34
Russian Foreign Ministry: Terrorists in Syria may get chemical weapons from Libya, IraqRussian Politics & Diplomacy April 24, 19:05
US not ready yet to restart arms control dialog, Russian diplomat saysRussian Politics & Diplomacy April 24, 18:57
Court recognizes Russia’s Sports Ministry as affected party in WADA whistleblower caseSport April 24, 18:48
Elephant, giraffe and wildcats found among Muscovites’ house petsSociety & Culture April 24, 17:48
Putin calls for setting apart real anti-corruption crusaders from political show-offsRussian Politics & Diplomacy April 24, 16:34
Moscow court turns down Jehovah’s Witnesses bid to fight Justice Ministry’s banWorld April 24, 16:08
BEIJING, November 10. /TASS/. VTB Bank, Russia’s second largest bank by assets, may quit the London Stock Exchange and is currently in talks on raising a loan through an Asian bourse, VTB CEO Andrey Kostin said on Monday.
“We hope that they (the talks with the London Stock Exchange) will remedy the situation. If not, we’re considering a scenario of quitting the exchange,” he said, adding that delisting was also possible.
VTB’s claims to the London Stock Exchange are related to the bourse’s enhanced requirements for the lender, which are tighter than the US sanction requirements, the VTB head said.
VTB Bank is simultaneously holding negotiations on raising a syndicated or a subordinated loan on Asian trading floors.
“The situation will somehow clarify or be resolved soon,” Kostin said.
The VTB head mentioned the Japanese and the Shanghai Stock Exchanges as possible trading floors for raising loans. In particular, the Shanghai Stock Exchange may be of interest, considering restrictions created for VTB on the London and New York Stock Exchanges, the VTB CEO said.