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Croatia’s largest shipyard goes bankrupt due to sanctions against VTB

... time, the company did not manage to receive the entire amount of the loan from VTB, having accepted only €82 million. The attempts of the management to seek financial assistance from the government, to withdraw the previously concluded contract with VTB from sanctions or to obtain a loan from the Croatian Bank for Reconstruction and Development were not successful. Unlike South Korea, where the country's authorities agreed to help shipbuilding companies survive the geopolitical crisis, the Croatian government ...

YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

... Investments platform of VTB Bank. The project involved the prompt conclusion of an agreement with a credit institution on brokerage and depositary services. We should remind our readers that in February the United States and the European Union imposed sanctions on a group of Russian banks, including VTB. In particular, the sale and purchase of securities through these banks for Russian residents was blocked. This affected all the assets issued after April 12, 2022.

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