Londongrad tries to kick its 30-year Russian money habit

Published by
Reuters UK

By Andrew MacAskill and Catherine Belton LONDON (Reuters) – VTB Capital last week lowered a large Russian flag at its palatial building opposite the Bank of England in London’s financial district, signalling a retreat from one of the main global centres for money flows. Hours earlier, Britain had said it was freezing the assets of Russia’s largest investment bank as punishment for Moscow’s invasion of neighbouring Ukraine, as part of what the government said is its largest-ever package of sanctions. Britain has targeted Russian banks and members of President Vladimir Putin’s closest circle, im…

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