Prior to shifting its focus to India’s Essar Group, VTB Capital was active in Mozambique, secretly arranging (together with Credit Suisse) loans for state-owned firms…
VTB, one of the bidders for India’s Essar Steel, has faced charges in the US. In 2016, the US Commodity Futures Trading Commission (CFTC) fined…
The similarities between VTB’s partnership with India’s Essar and the Hoima project in Uganda are striking. In 2016, a Russian consortium walked out from the…
Sanctions turned Russia’s VTB Group into a pariah in Western countries. VTB shifted its focus to Asia to offset US and EU sanctions. Amid sanctions,…
(The Ruia family controls the vast Essar corporation: from left, Anshuman Ruia, Ravi Ruia, Shashi Ruia and Prashant Ruia) The Ruias have very strong ties…