26th Oct 2016


FT: Russian money flees on fear of sanctions

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.

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