Russia’s second-largest bank, VTB, said it has received 100 billion rubles ($1.8 billion) from the country’s national welfare fund as part of a plan to recapitalize the banking system hit by the falling ruble and Western sanctions. This is the first tranche of a 250 billion ruble deposit planned by the government for the state-owned … Continue reading Sanctions-hit Russian state bank VTB receives $1.8 billion in aid