VTB says European sanctions contrary to basic principles of free market

Photo: VTB says European sanctions contrary to basic principles of free market / Politics

Russia's bank VTB said the European Union's sanctions were contrary to the principles of free market and discriminatory not only against VTB but also against international investors.

The bank was critical of the EU decision that restricts access to capital markets.

VTB said it and its subsidiaries would continue to operate as usual despite the sanctions.

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