VTB’s CEO Says Bank Considers Buying Loans Made to India’s Essar

  • Essar Oil is seeking backing from Russia state-owned companies
  • VTB CEO Kostin says talks have been been held with Rosneft

State-run VTB Group, Russia’s second-largest bank, is looking into the acquisition of loans made to Essar Global Ltd. by other lenders as the holding owned by Indian billionaire Ruia brothers is strengthening ties with Kremlin-backed companies.

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