Russia's second-largest bank, VTB, reported a record annual loss of $7.7 billion on Wednesday after it was battered by Western sanctions last year. VTB was one of the first banks to be excluded from the SWIFT global payments system after Russian forces invaded Ukraine in February 2022. Both the U.S. and Britain placed individual sanctions on the bank’s chief, Andrei Kostin, who is a close associate of Russian President Vladimir Putin.
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Russia s second-largest bank, VTB, reported Wednesday a huge loss amounting to $7.7 billion in 2022 after it was hit hard by Western sanctions over Moscow s offensive in Ukraine.
Visiting Warsaw, Ukraine's president hinted that Kyiv' forces could pull out of the battleground city of Bakhmut. Meanwhile, Russia's Vladimir Putin had harsh words for the US and EU envoys in Moscow. DW has the latest.