Sobyanin May Put VTB on Bank of Moscow Board, Kommersant Says

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Moscow Mayor Sergei Sobyanin may appoint representatives from VTB Group to the board of Bank of Moscow at an extraordinary meeting of the lender’s shareholders next week, Kommersant reported.

VTB executives including First Deputy Chairman Mikhail Kuzovlev may be invited to take up seats on the board vacated by officials from former mayor Yury Luzhkov’s administration, the newspaper reported, citing an unidentified person close to Sobyanin.