Andrey Kostin is the boss of VTB Bank, one of Russia’s leading financial houses. On a visit to Stuttgart, Germany, with Russia’s economy minister this week, he told Handelsblatt that he sees no end to the E.U. and U.S. sanctions imposed on his bank and country as a result of Russian involvement in the Ukraine crisis.
Mr. Kostin, are savings accounts held by Germans at VTB’s German subsidiary VTB Direct secure?
Absolutely. It’s my personal guarantee.