Tag: Western sanctions on Russia

Trump may better ties but unlikely to lift curbs on Russia, says CEO of VTB

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Trump may better ties but unlikely to lift curbs on Russia, says CEO of VTB

CEO of VTB bank Andrei Kostin. File photo | Photo Credit: REUTERS The next U.S. administration may make an effort to ease tensions with Moscow but Western sanctions are unlikely to be lifted any time soon, Andrei Kostin, the CEO of Russia’s second-largest bank, VTB, has said. Mr. Kostin, one of Russia’s most influential bankers…

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World

Russia reinsurer backs firms to get India marine insurance permit

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Russia reinsurer backs firms to get India marine insurance permit

Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions. A raft of sanctions by the U.S. and allies against Moscow over its Ukraine invasion, along…

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Business