The first Vice-Premier of the Russian Federation Anton Siluanov has approved the transfer of state shares of VTB fell under US sanctions “Evrofinans Mosnarbank the”. This was reported “Interfax” with reference to the head of VTB Andrey Kostin.

The share of VTB (25% plus one share), which the Bank owns through foreign structures VTB Bank and ITC Consultants, will be donated to the property of the Agency.

It is expected that the transaction will take place in the coming days after approval from the Federal Antimonopoly service and the Central Bank of the Russian Federation.

“VTB has tried to sell its stake in the Bank on a commercial basis at the beginning of the year there was an arrangement with the government that it will redeem these shares and the Bank will become the state – but this decision has not been implemented”, — said Andrey Kostin.

The main shareholder c shares of 49.99% is a Venezuelan national development Fund (FONDEN). Another 25% of shares directly and indirectly controlled Gazprombank.

We will remind, earlier the US Treasury Department imposed sanctions against the “Evrofinans Mosnarbank” because of his links with the Venezuelan state oil company PDVSA and alleged assistance in developing a local national cryptocurrencies El Petro. The Bank has been disconnected from international payment systems Visa and Mastercard.