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NBU blocks share deal between VTB and BM Bank due to sanctions
Journal Staff Report

SOCHI, Oct. 6 – The National Bank of Ukraine has blocked share deals between VTB and BM Bank (Kiev, the subsidiary of Bank of Moscow) due to sanctions and froze the additional capitalization of the bank and its possible sale, the bank's senior vice president, Mikhail Yakunin, told Interfax.

In late September, Bank of Moscow (part of VTB Group), the owner of Ukrainian BM Bank, was hit by personal economic sanctions imposed by Ukraine.




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