VTB may send a request for external management for the British subsidiary

The management of the Russian bank VTB may file a petition for the introduction of an interim administration in the British division after the sanctions against the bank. it is reported by BLOOMBERG.

VTB intends to ask the COURT for external management, which is a form of insolvency that ensures minimal losses for financial markets.

The matter will be heard in court on April 6.

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