Sanctions-hit VTB Bank has several plans to minimise impact on its clients

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FILE PHOTO: St. Petersburg International Economic Forum (SPIEF)

MOSCOW – Russia’s second-largest lender VTB, the subject of a round of British sanctions, has prepared for the toughest scenario and worked through several plans to minimise the impact on its clients, it said on Thursday.

“Sanctions are a reality for us over the last few years and another round of politically motivated anti-Russian sanctions did not come as a surprise,” it said in a statement.

(Reporting by Elena Fabrichnaya; writing by Polina Devitt; Editing by Hugh Lawson)