Economics
VTB Head Warns Clients May Not Get Dollars Back If Ban Hits
- U.S. Senate is considering ban on Russian banks using dollars
- Kostin says rules for foreign-currency accounts are unclear
Photographer: Andrey Rudakov/Bloomberg
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Russians with bank accounts in dollars may find they can only make withdrawals in other currencies if new sanctions proposed by U.S. lawmakers take effect.
“I am sure that all the clients of all banks should receive their money back; that’s the principal approach,” VTB Group Chief Executive Officer Andrey Kostin said on Wednesday. “How, in which currency, is a different story.”