28.11.2025, 12:31
The central Bank allowed VTB to withdraw sanctioned assets from the balance
Source: OREANDA-NEWS
OREANDA-NEWS VTB has received permission from the Central Bank to allocate a second legal entity with blocked assets, Dmitry Pyanov, the bank's first deputy chairman, told reporters.
"On November 20, we received a decision from the Banking Supervision committee of the Bank of Russia, agreeing on the list and volume of assets and liabilities to be allocated to a special company under the second legal entity under Federal Law No. 292," he said.
Law No. 292-FZ allows banks to create a special legal entity by the end of 2026 and transfer assets and liabilities frozen due to sanctions to its balance sheet.
According to Pyanov, the total volume of currency-denominated assets and foreign liabilities amounted to almost 900 million dollars, or about 70 billion rubles.
"On November 20, we received a decision from the Banking Supervision committee of the Bank of Russia, agreeing on the list and volume of assets and liabilities to be allocated to a special company under the second legal entity under Federal Law No. 292," he said.
Law No. 292-FZ allows banks to create a special legal entity by the end of 2026 and transfer assets and liabilities frozen due to sanctions to its balance sheet.
According to Pyanov, the total volume of currency-denominated assets and foreign liabilities amounted to almost 900 million dollars, or about 70 billion rubles.
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