INSUBCONTINENT EXCLUSIVE:
alongside the partially occupied Kherson and Zaporizhzhia regions in the fall of 2022
VTB did not indicate whether it planned to expand into the latter two regions.VTB was one of the first banks to be hit by Western sanctions
shied away from working in territories seized from Ukraine in fear of sanctions
After the full-scale war, the majority state-owned VTB beganoperating in annexed Crimea via its subsidiary, the sanctioned Russian National
