Russia's VTB Group sells US unit as political tensions force retreat

Russia's VTB Group sells US unit as political tensions force retreat

A reflection of a yearly chart of U.S. dollars and Russian roubles are seen on rouble notes in this photo illustration taken in Warsaw November 7, 2014. REUTERS/Kacper Pempel

VTB Group, a state-owned Russian bank sanctioned by Washington, agreed to a management buyout of its U.S. unit, citing the “current geopolitical landscape” as a reason for its retreat.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter