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FT: Russian money flees on fear of sanctions

15.03.14 @ 15:22

  1. By EUOBSERVER

The FT reports that Russian firms, such as the Sberbank and VTB banks and energy firm Lukoil, have pulled "billions" out of Western banks for fear of sanctions. Russian news agency Vedomosti also says Gazprom chairman Viktor Zubkov in recent days sold some €700,000 of private shares in the firm.