Frozen Russian assets held by Dutch banks and other financial institutions declined to €97mn from €660mn in January 2024, Tass reports citing De Telegraaf.
The numbers are provided in a report sent to parliament by Dutch Foreign Minister Caspar Veldkamp. The publication concludes that "Russian assets worth more than half a billion euros were apparently released with the approval of the ministry."
Such a release is made possible by granting payment exemptions or suspension of sanctions for the company owners. €230mn of one single unnamed company was released because it "formally distanced" from its Russian owner, according to the report.
The board of Russia’s second-largest bank state controlled VTB recommended paying out RUB275.8bn ($2.97bn) in total dividends for 2024, according to Interfax corporate disclosure portal. As ... more
Russia’s largest bank Sberbank (Sber) increased its profit by 10% year on year to record-high RUB436bn ($4.7bn) in 1Q25, making a return on equity of 22%, according to the bank’s announcement. ... ... more
Sberbank has published its financial results for the first quarter of 2025, reporting a record net profit of RUB436bn ($4.7bn) and a return on equity of 24%, Renaissance Capital reported on April 29. ... more