VTB Capital PLC (00159752): administration
- Status
- In administration
- Administration began
- 2022-12-06
- Administrators
- David Philip Soden, Stephen Roland Browne
- Administrators' firm
- Teneo
- Formerly
- VTB Bank Europe PLC; Moscow Narodny Bank Limited
- Incorporated
- 1919-10-18
- Location
- London
- Industry
- 64191 Banks
From the administrators' statement
As outlined previously, the geopolitical events commencing in February 2022 (and continuing hostilities between the Russian Federation and Ukraine) resulted in VTBC (as a subsidiary of the Parent) being subjected to sanctions in various global jurisdictions.
The principal sanctions impacting VTBC are:
*« The Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855) in the UK; and
Administrators' statement of proposals (2023-02-09) · Companies House register