MOSCOW - VTB, Russia's second biggest bank, estimates the negative effect from the Ukraine crisis at 8 billion roubles ($220 million) in the second quarter of 2014, the bank's senior vice-president Dmitry Pyanov told a conference call.
Russia's War Against Ukraine
Reuters: Russia’s VTB takes 8 billion roubles hit from Ukraine crisis in Q2
On Aug. 21, VTB reported an 82 percent fall in first half net profit to 5 billion roubles, hit by a slowdown in the Russian economy and political tensions linked to the Ukraine crisis.
