Russian VTB Group is ready to sell the business in Ukraine, but the buyer has not yet been found, said Member of the Supervisory Board of VTB Bank, former Central Bank Chairman Sergey Dubinin, Lenta.ru reported.
”There have already been attempts to sell this business since there are no normal working conditions. However, it is not yet possible to find a buyer. If we are unable to sell the Ukrainian branches in the future, they will turn from an asset to a loss,” he said.
However, he stressed that the reserves for these losses had already been created.
He added that the Ukrainian structures were no longer a strategically important part of the group`s business.
”We are just sorry that the economic ties have been severed,” Dubinin said.
He also noted that the damage to the Russian banks had already been done before, and the new restrictions would not change the situation much.
”The solution proposed by MPs of the Verkhovna Rada of Ukraine can only draw a line,” he concluded.
On October 24, a group of MPs of the Verkhovna Rada submitted a bill ”On Amendments to the Law of Ukraine `On banks and banking activity`” concerning the prohibition of banks of the aggressor country.
The explanatory note to the document states that ”the aggressor country, the Russian Federation, continues to maintain a significant impact on the Ukrainian economy and the lives of citizens through its own companies and banks in the territory of Ukraine.”
