MTS shareholders do not intend to reduce their stake in MTS Bank – Kommersant
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The founder of AFK Sistema (owns MTS) Vladimir Yevtushenkov said that the group’s shareholders do not intend to reduce their stake in MTS Bank. In April, the MTS board of directors planned to consider this issue after the bank came under US and UK sanctions.
“No, (MTS.— “Ъ”) will not yet (reduce the share in the bank.— “Ъ”),” said Mr. Yevtushenkov on the sidelines of the Eastern Economic Forum (quote from TASS).
The credit institution came under US and UK sanctions on February 24. All bank assets located in the jurisdictions of these countries were blocked. In March, the Central Bank of the UAE announced on the revocation of MTS Bank’s license. Sanctions against him in May introduced Australia.
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