At Russia's VTB Bank's Annual General meeting, shareholders approved a dividend payment of RUB 18bn ($328mn) and it was recommended by the board not to reduce the level of dividends. The Russian government has been trying to boost its economy since 2014 with an array of stimulus measures including tax cuts for small businesses and lower interest rates.
At Russia's VTB Bank's Annual General meeting, shareholders approved a dividend payment of RUB 18bn ($328mn) and it was recommended by the board not to reduce the level of dividends. The meeting also included a statement from the President and Chairman Andrey Costin that the bank will not open an office in Crimea due to the threats of sanctions looming, adding that he believes that US sanctions will not be lifted within the next 2-3 years.