Russian Companies Expand in Global South Despite Sanctions
Update: 2025-12-01
Description
Andrei Kostin, CEO of VTB, Russias second-largest bank, discusses Russian companies expansion into the Global South despite Western sanctions. VTBs successful shift to new markets, like India, serves as an example for other Russian oil firms. Kostin believes India will continue buying Russian oil, despite sanctions, and VTB plans to open a new office in Mumbai to boost Indian exports to Russia.
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