"VTB has a very strong network in Europe," says Renate Prinz - McDermott Will & Emery

“VTB has a very strong network in Europe,” says Renate Prinz

Overview


The current sanctions against Russia primarily affect Russian banks and their European subsidiaries. With Sberbank, a bank that was previously classified as systemically important, has now been sent into regular liquidation and the bank’s depositors must rely on deposit insurance. The situation is also new for regulators. Renate Prinz explains the details and possible consequences in an interview with FinanzBusiness.