Broker VTB asks clients to close margin positions in foreign securities and currencies

In connection with the announced US sanctions, the VTB broker urges clients to close margin positions in foreign securities and currencies, follows from the announcement in the VTB My Investments application.

Starting today, „the bank excludes foreign securities from the list of margin, which may lead to the forced closure of such positions,” follows from the message.
On Thursday, February 24, British Prime Minister Boris Johnson announced that the UK and the US are imposing sanctions against VTB in response to Russia’s military operation in Ukraine. US President Joe Biden announced restrictive measures against VTB and a number of other large Russian banks on Thursday at a press conference.

Alexandra Taylor

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