Exit on the barter. Russian VTB wants to exchange European "daughter" for Russian assets Raiffeisen - media

The Substantial Russian Bank of VTB Bank wants to exchange its daughter for Russian assets Raiffeisen. The decisive word for the ECB. The leadership of the Russian VTB sub -Russian VTB is negotiating the exchange of assets of its subsidiary VTB Bank Europe for Russian assets Raiffeisen Bank International. Frank Media writes about it with reference to two sources familiar with the details of the negotiations.

Video Day Russian Bank is trying to obtain a European Central Bank permission to this agreement. This is not the first attempt to lead VTB to leverate the losses from the sanction blocking of assets. It is reported that in the summer VTB has already tried to turn a similar exchange with the Unicredit Group.

According to sources of the publication, the proposal of the Russian Bank was to exchange VTB Bank Europe for UNIRCreditbank and a pool of loans issued to Russian companies from the maternal balance of the group. It was not supported by the European financial power, including the ECB. According to the newspaper, the volume of frozen assets of VTB is estimated at about 600 billion rubles (the VTB Bank Europe's assets amounted to almost 8 billion euros earlier).