change of leadership at the bank led to the raids. By the end of September 2011, VTB had acquired more than 80% of the shares of the Bank of Moscow, buying from Vital Yusufov (20%), and Suleiman Kerimov (3.88%). Shares were also acquired as part of a package of the Metropolitan Insurance Group. The media suggested when Borodin left, more than half of the bank's loan portfolio consisted of loans issued to companies affiliated with Borodin. Borodin himself refused to comment on this information. According to an investigation by the newspaper "Vedomosti", the total amount of loans granted by the bank to companies associated with Borodin was approximately 217 billion rubles, which exceeded the bank's equity. According to the newspaper, a significant part of these loans were used to repay loans which were dubious or not secured by liquid assets, and later this information was confirmed by an inspection of the Accounts Chamber of the Russian Federation. Later, it was announced by VTB that the bank had 380 billion rubles in bad debt. As a result, in late September 2011 the Deposit Insurance Agency provided a loan for 10 years, amounting to 295 billion rubles. At 0.51% per annum (DIA itself provided the money to the Bank of Russia) to cover the newly formed "holes" in the accounts of the bank. 29 July 2014: the Office of Foreign Assets Control (OFAC) published that the Bank of Moscow and VTB Bank OAO, which is the second-largest bank in Russia, has been added to the Sectoral Sanctions Identifications List. A United States person or a person in the United States is restricted from buying equity issued by these banks or lending money to these banks (i.e., buying debt issued by these banks). The sanction is for "transacting in, providing financing for, or otherwise dealing in new debt of longer than 90 days maturity or new equity" with these banks or their property or interests in property. 31 July 2014: VTB and its subsidiaries, such as the Bank of Moscow, were added to the European Union sanctions list due to its role in the 2014 Crimean crisis. VTB assets and its subsidiaries, such as Bank of Moscow, in the EU have to be frozen. 13 August 2014: United States clarifies entities under sectoral sanctions. United States increases its sectoral sanctions on VTB Bank together with its subsidiaries ("the VTB Group") and the Bank