MOSCOW - VTB, Russia's second-largest bank by assets, said it is ready to borrow in other currencies and markets after sanctions imposed by the United States thwarted its ability to access dollar financing, a move it called "politically motivated" and "unjust".
Russia's War Against Ukraine
Reuters: Russia’s VTB looks to other markets as US tap shuts
The U.S. on July 29 imposed sanctions on VTB, Bank of Moscow and Russian Agriculture Bank over Moscow's support for rebels in Ukraine, prohibiting U.S. citizens or companies from dealing with debt carrying maturities longer than 90 days, or with new equity.
