25 Jun 2020
The European Union’s top court on Thursday upheld sanctions against Russia’s second-largest bank VTB (VTBR.MM), dismissing the lender’s appeal against the restrictive measures the bloc had first imposed in 2014 over the turmoil in Ukraine.
The sanctions restrict the bank’s access to some financial transactions and to capital markets in the EU.
By Gabriela Baczynska and Kate Abnett, Reuters, 25 June 2020
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