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Statement on behalf of VTB

We would like to express our deepest appreciation for a long-standing and successful cooperation with VTB Bank (PJSC).

We hereby notify you that settlements in any restricted currency (e.g. currencies other than the Chinese yuan and Russian roubles) might be significantly restricted by foreign correspondent banks, including funds could be blocked on the accounts of correspondent banks for an indefinite period in connection with the introduction of a series of sanctions by the United States. We care about the well-being of our Clients, therefore we strongly recommend to refrain from transferring any payments in restricted currencies without first agreeing on the exact mechanism for making such payments with your manager.

If you have any questions related to settlements through and/ or with the VTB Bank (PJSC) Shanghai Branch or members of VTB Group, please contact us. Let us assure you that the management and employees of VTB Shanghai are making every effort to protect Client’s interests and minimize the negative consequences of the above events for your company’s business.  

VTB maintains its regular operational regime. Bank infrastructure is operational, including offices and online-services. We are kindly asking our Clients to rely only on the information published on VTB official sources. Our employees are providing all necessary support and assistance.