VTB Capital

The main shareholders in Bulgaria's Corpbank (KTB) are seeking a meeting in Sofia next week to conduct due diligence on the bank and prepare a plan for its recovery.

EU leaders have introduced a third stage of sanctions against Russia over the country's stance on the Ukraine crisis.

Under the new agreement, trade in Russian bonds and stocks issued by state-owned companies will be banned, and Russian military entities will be prevented from receiving arms and high-tech items.

Russia's VTB bank does not intend to take part in the capital injection planned at the Corporate Commercial Bank (KTB), according to bank sources.

RIA Novosti agency, citing anonymous VTB officials, said Russia's second-largest bank owns a EUR 10 B stake in KTB and does not seek to increase it.

Cyprus’s president says the bailed-out country could start borrowing from international markets by the end of this month, a full year ahead of what its creditors had initially anticipated.