President – Chairman of the Board of VTB Andrei Kostin revealed a plan for the case of US sanctions that imply blocking settlements in dollars. In an interview with RBC, he indicated that the scheme of actions were approved back in 2018.
According to Kostin, the victim will begin to help the state, primarily in terms of working with depositors. The banking community as a whole will also have their help, which will act in conjunction with the Central Bank. Scenarios have been worked out at the moment, and in them the financial and banking sphere will continue to fulfill obligations.
At the same time, the head of VTB acknowledged that such sanctions are possible, let them look very rigid to which the American administration will only go in extreme cases. According to Kostina, at the moment the United States is trying to avoid solutions that have irreversible consequences in order not to inflate the conflict.
So, pointed out the banker, and happened and in the case of the latest sanctions against the Russian government debt. The United States banned American companies to buy bonds of a federal loan (OFZ) when placed, but retained such an opportunity for the secondary market. Thus, the solution turned out to be half, more threat than real punishment.
Also in an interview with Kostin told that he did not believe in the disconnection of Russia from the interbank SWIFT system. First, he noticed, on the banking sector you can hit and the way simpler, and secondly, this is a European company, that is, the United States will have to negotiate with European governments.