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Russia's VTB to hand over servicing of foreign securities to other firms - TASS

Published 03/17/2022, 12:48 PM
Updated 03/17/2022, 12:51 PM
© Reuters. FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of VTB bank logo in this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

© Reuters. FILE PHOTO: Plastic letters arranged to read

(Reuters) - Russia's second-largest state lender VTB, which has been targeted by Western sanctions, said on Thursday it would hand over servicing of foreign securities to other Russian financial companies, the TASS state news agency reported.

"This step would allow us to protect assets of private investors and secure their ability to buy and sell any assets without limitations," TASS cited VTB's statement as saying.

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