The United States lifted sanctions against VTB Europe, a subsidiary of Russian VTB bank. This was reported by RIA News Citing a statement from the US Treasury Department.
The bank, also listed as VTB Bank Deutschland AG and Ost-West Handelsbank AG, has escaped US restrictions. The European division of the bank, registered in Frankfurt am Main, Germany, had previously changed its name to Ost-West Handelsbank (OWH SE).
OWH SE also denies VTB’s ownership rights to the bank and demands the return of dividends amounting to more than 433.8 million euros since 2013.
Before that the Dutch company Yandex NV concluded Agreement on the sale of all enterprises in Russia for a total of 475 billion rubles.
It was also reported that the internal restructuring of the group has been completed, as a result of which all assets and operations of Yandex in the Russian Federation and some international markets now belong to ICPJSC Yandex, registered in Russia.
Previously European Union slip away Sanctions against Arkady Volozh, former head of Yandex.