Lower interest rates are a 'definite trend' in Russia, says major Moscow bank

Such an environment has resulted in more than $16 trillion inIn Russia's case, the economy is dealing with twin challenges: global uncertainties such as the trade war, as well as sanctions.and its allies over Russia's invasion of Crimea. Some of those sanctions include limiting Russian banks' access to international capital markets.

The sanctions "substantially changed our funding policy," Kostin said, explaining that his bank found it difficult to continue borrowing in U.S. dollar and euros in a big way.However, Kostin said VTB "would like to be more active in international markets, we would like to have more cooperation with international banks."Related Tags

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