in the near future , andrey kostin said at a meeting with the president, this is confirmed by the financial results of vtb group's net profit. after losses associated with sanctions, it began to recover from the fourth quarter of last year in the first 4 months it amounted to a total of 280.5 billion rubles. according to the results of the first half of the year , 289 billion are tentatively expected for the entire 2023 400 54 quarters of last year. we work with a profit in all areas, there is a positive trend. ah, we are actively engaged in the creation of a new infrastructure for settlements in rubles and in foreign currency friendly countries. we have the expertise for this. there is, uh, infrastructure, because we are not present, but the largest asian countries such as china india are present in the cis countries, therefore, on this database is under active development. this year, there has been an increase in demand for loans in russia and vtb continues to increase their issuance in the first 4 months, the total volume of the portfolio amounted to 18.5 trillion rubles lending to indiv

according to andrey kostin, in the current conditions, the banking sector should learn to work in a newer, during the financial congress of the bank of russia, the head of vtb proposed four initiatives. the so-called systems of the global south, within which our country will be able to work with international partners, without regard to western restrictions, we are talking about replacing the swift system and developing horizontal relations between banks, creating new conditions for attracting capital, as well as creating an alternative depositary settlement hub, which may be located in the persian gulf countries, previously the head of vtb also proposed to rebuild the russian economy through a new stage of privatization, we can talk about the partial transfer of state property into private hands on transparent and market terms. thanks dmitry dmitry moroka spoke about the statements that were made during the meeting between vladimir putin and the head of vtb andrei kostin in the chinese foreign ministry, they recommended that those who are confident in the safety of water from the fukus

sanctions pressure has developed a certain immunity in russia at a meeting with vladimir putin, andrey kostin gave such an assessment. what other statements were made? the alleged killer of russian navy reserve officer stanislav rzhitsky was caught, how did you manage to get to the accused and what evidence does the investigation have? we are starting a report from the zaporozhye region not even a day has passed since the us promised to supply cluster munitions to ukraine and no less loud oaths that they would not be used in peaceful cities and civilians, as news comes from the city of tokmak apu, cluster munitions were used , a hit was recorded in the area of ​​\u200b\u200bthe poultry farm and at the exit towards vasilyevka it is reported. at least six hits information about the victims and destruction is being specified. well, along with ammunition , the use of which is regarded as a war crime, france promised the kiev regime scalpel missiles, range, actions, which are estimated at about 300 km. macron announced this on the fields thanato themselves, where the central events became the futu

banking system has increased its sovereignty amid the imposition of sanctions , the head of vtb andrey kostin said at a meeting with vladimir putin, vtb itself expects the results year profit at the level of 400 billion rubles. our economic observers dmitriy ruka followed the meetings. the russian banking sector feels stable, no major problems. in the near future , andrey kostin said at a meeting with the president, this is confirmed by the financial results of vtb group's net profit. after the losses associated with the sanctions , it began to recover from the fourth quarter of last year for the first 4 months of this year, it amounted to a total of 280.5 billion rubles. based on the results of the first half tentatively expected to be 289 billion for the entire 2023 400 54 quarters of last year. we work profitably in all areas, there are positive dynamics, and we are actively engaged in the creation of a new infrastructure for settlements in rubles and in foreign currency friendly countries. we have the expertise for this. there is , uh, infrastructure, because uh, the largest asian countri

in addition, andrey kostin suggested thinking about new tools to raise capital. create a new tool that would take into account both national regulation of currencies and financial markets. nevertheless, they would allow us to keep records of the possibility of cross-border settlements between investors and issuers in different countries, until we go beyond the limits of one of our economies and begin to solve the financial problems of the structure of the entire global market. we will not be able to ensure the effectiveness of the interaction of our economy with the system of world economic relations. prospects for entering international capital markets separately commented the head of the central bank elvira nabiullina called this task no less. and perhaps even more complex than international settlements, that this is a very difficult task, but absolutely priority issues of ensuring our foreign economic activity and the openness of the economy. e to the world. e, of course, must be provided by the system of international payments by the international capital mar

positive dynamics in all areas with details polina ermolaeva the president's working meeting with andrey kostin is essentially traditional, but the conversation, of course, about topical issues of banking vtb has historically been primarily engaged in servicing foreign trade activities. in this regard, was tied to a large extent on e, those customers who work in this area on foreign infrastructure. and uh, of course, to go through the difficulties that ill-wishers have created for us. it was harder, maybe even than other financial institutions, though. still, the main difficulties were overcome thanks to your efforts of your team, the sanctions that the west applied against russia, which destroyed the world trade system and led to an increase in inflation, and the attempts of the west to solve. this, in standard ways, led to the merger of banking assets, and as a result, we have what we have, but our banking sector feels secure. i don't think there will be any problems. although we, of course, suffered certain losses due to the fact that they simply took own. and yet, despite all the difficulti

andrey kostin, head of vtb, believes that we have solved many problems in russia we have created financialed to create an international financial market now. the international settlement system, which operated in parallel with what we are trying to do to them today, they are trying to somehow fit into the current system, because even settlements bilateral in national currencies has its own limitations and limits, and it is already necessary to work on a scale, as it were, on a global scale, and there is a lot of work for everyone here. these were the main topics of the plenary session. well, in total, the program of the financial congress, which this year is taking place on the site, and the new stages of the mariinsky theater included more than 20 sessions . more than 100 guests were invited to participate. dmitry morocco egor dalinsky artyom kuznetsov to lead. so quickly booked we will find. where to stay. chicken breast, so you can feel the taste of chicken and nothing extra point vtb's solution for every day is to please loved ones with convenient and fast transfers in russia and more

to the head of the metaman and the secretary general of soviet cooperation, and the head of vtb andrey kostinan alternative international depositary settlement hub, which will be based in one of the countries of the persian gulf. that's how this idea is interesting partners. uh, in which country can it be implemented and if this issue is being worked out at the site of the russian foreign ministry thank you many initiatives that go in a similar direction, er, and which are explained by the fact that the dollar, of course, has seriously discredited itself. as the main reserve currency. proved its unreliability proved that the country is the issuer. does she suddenly have a desire to punish someone without hesitation will abuse her position, so, of course, uh, many countries are thinking about how uh. uh, avoid that kind of influence. e, how to reduce dependence on those who, e, here proves e his such biased, geopolitical selfish geopolitical stance. it's not the only proposal that you mentioned were proposals by president lula, the president of brazil, who offered to consider the possibility.

expressed this opinion today during a working meeting with the chairman of the board of vtb bank andrey kostin western sanctions, the russian banking sector has developed a certain immunity and, in general, despite the created

these were footage of a meeting between vladimir putin and the head of vtb andrei kostin. and now, economic news, the trade turnover between russia and china reached $94 billion over the course of 5 months, this was stated by the trade representative in the prc on alexei dakhnovsky, the information was confirmed by the chinese ambassador to russia, according to his data, the volume of trade exceeded 90 billion , the parties agreed that in moscow and beijing will succeed ahead of schedule, without waiting for the end of the year to overcome the turnover of $ 200 billion lipetsk motor-invest will start selling chinese doom cars in russia , the company's managing partner andrei reznikov said in total, they plan to sell more than 25,000 cars a year by the end of 2023, the company is going to open up to 60 new points of service and sales in different cities of the country. sber summed up the results of the first half of the year, net profit reached almost 730 billion rubles. this is data according to russian accounting standards in june alone, the bank earned about 140 billion

deposits loans for business and industry, what else did vladimir putin talk with the head of vtb andrey kostin to whom nato does not need a summit in lithuania on which zelensky was brought who offended him even before the beginning and how did the macron try to console him? muscovites of the national guard of 100 new cars handed over to mars of the capital sergey sobyanin a test drive of the novelty, released into records. short-term black sea alarms in sochi large hail after a stormy flood in tuapse huge funnels tornadoes storm warning not lifted our man in new york 120 years since the birth of rudolf abel, our great intelligence officer, who obtained american atomic secrets at the beginning of the special operation there is a lot of news and most of all from orekhov and the krasnoliman direction, let's start with it russian units, having repulsed the attempts of the offensive of the ukrainian formations, themselves went on the attack up to the settlement of torskoye and increased the coverage of seversk, where the enemy is still located, we will be brought to the south, along the entire lin

theme of economic cooperation , it is important to recall that a-a the day before, the head of vtb andrey kostincame up with a proposal to create an alternative depository hub in one of the countries of the persian gulf. and, of course, this issue was also discussed here today as part of a press conference. sergei lavrov answered journalists' questions about the possibility of creating something like this. there are a lot of initiatives that go in a similar direction, er, and which are explained by the fact that the dollar, of course , has seriously discredited itself. as the main reserve currency. proved its unreliability proved that the issuing country, if she suddenly has a desire to punish someone without hesitation, she will abuse her position, so, of course, uh, many countries are thinking about how to avoid such influence. uh, how to reduce dependence on those who are proving e their such biased geopolitical selfish geopolitical position? sergei lavrov reminded that this is not the only proposal. so, uh, the russian minister cited as an example the initiative of the brazilian president lu

andrey kostin said today at a meeting with vladimir putin, in his opinion, the domestic banking sectornctions have largely helped to develop immunity from crisis phenomena, the president, in turn, stressed that it was important for russia to increase its financial sovereignty in time, especially in the face of growing problems in the same united states about that this sovereignty will be strengthened by polina ermolaeva the working meeting of the president with andrey kostin is essentially traditional, but the conversation, of course, about topical issues of vtb banking is historical primarily engaged in servicing foreign trade activities. in this regard, was tied to a large extent on e, those customers who work in this area on foreign infrastructure. and uh, of course, to go through the difficulties that ill-wishers have created for us. uh, vtb was more difficult, maybe even than other financial institutions, however. still, the main difficulties were overcome thanks to your efforts to join your team, the sanctions that the west applied against russia , which essentially destroyed the

no problems are expected, this opinion was shared with vladimir putin today by the head of vtb andrey kostint a meeting in the kremlin, as the president noted, the bank managed to overcome the main difficulties that arose due to restrictions. vtb stopped lending to customers in the currencies of western countries and has now switched to creating a new infrastructure for settlements in rubles and in currencies. those clients who work in this area for foreign infrastructure and, uh, of course, go through the difficulties that our detractors have created for us. uh, vtb was more difficult, maybe even than other financial institutions, however. still, the main the difficulties were due to your efforts and to leave your team were overcome, developed a certain immunity and increased their sovereignty in this matter. you know what's going on now in the united states actually the biggest banking financial crisis since 2008 and it's already spreading to europe a and that's exactly what we said that the sanctions they will bypass sharp ones, so the sanctions that the west applied against russia that e

andrey kostin told reporters in st.ersburg that he considers the weakening of the ruble to be temporary and that the reverse process is waiting for the exchange rate of the national currency to rise, one of his arguments, perhaps the increase in the rate by the center of the bank. the bank of russia did not change the social network rate last year. however , elvira nabiullina has already stated that now the dynamics of the exchange rate bears passing risks. and this will be taken into account when making decisions on the key rate. we do not target the exchange rate of the ruble for us, any exchange rate that is acceptable to me is taken into account when we make a decision on monetary policy. we are ready to intervene. uh, the foreign exchange market with its interventions. only when we see some financial stability risks. and what do financial stability risks mean, we are sometimes asked, when there is not enough liquidity in the market, then we can intervene now , there are no such financial stability risks. inflation

here, for example, the head of vtb andrey kostin told reporters what he expects a reverse movement when? the head of the bank of russia, elvira nabiullina, explained the dynamics of the ruble exchange rate in her opinion. he is influenced by the dynamics of foreign trade and called on them to build conspiracy theories about a weak ruble in the interests of the budget. if we compare the positive current account in the first quarter of this year, then compared to the peak of last year, it fell five times and therefore the floating rate. yes, he is under the influence. foreign trade and changing. we have tools to smooth out short-term fluctuations, there are our swaps, but the floating rate is in our opinion. it is a blessing that allows. these external changes, external shocks are easier for the economy to absorb. now the dynamics of the exchange rate bears about inflationary risks, and we will take this into account when making a decision, a on the key rate. in morning trading on the moscow exchange, the dollar rose above 93 rubles. the euro went beyond the mark of 122 rubles. there have

being created by vtb this a few minutes ago, vladimir putin was reported by the head of the bank andrey kostin the meeting just took place in the kremlin as for anti-russian sanctions, they first of all seriously hit the countries of the west according to kostin in the usa the largest financial crisis of 2008, in addition, it affected europe as well as the destroyed systems of world trade , the president separately asked how the russian banking sector functions in such conditions. well, in particular, vtb itself has historically been primarily engaged in servicing foreign trading activity. in this regard, there has been a significant impact on those customers who work in this field. and uh, of course, to go through the difficulties that ill-wishers have created for us. uh, vtb was more difficult, maybe even than other financial institutions, however. still, the main difficulties were due to your efforts and losses. your team overcame by developed a certain immunity and increased its sovereignty in this matter. you know what 's happening right now in the united states is actually a major financ

chairman of the central bank of armenia german gref president chairman of the board of sberbank andrey kostinsident chairman of the board of vtb elvira nabiullina chairman of the bank of russia and sergey shvetsov chairman of the supervisory board of the moscow exchange. first question. i, uh, would like to address the central banker, here, but in the context of structural transformations. need to understand how monetary policy works. is the previous decision suitable for the previous regimes, and the monetary policy for the transition to a new economy and for its own successful functioning of this very new economy, martyn candles, if i can start with you, you have a very interesting situation in armenia in general, and last year your gdp grew by 12.6% yes, this is the fourth result in the world. not to mention , uh, the eurasian space. and this year, according to various forecasts, gdp growth is expected well, by about 7%, something around that inflation slows down sharply at the end of may, if i'm not mistaken, it generally went into the red, uh, the dram is strengthening. and this is again

discussion with other regulators about creating a depository hub in the persian gulf, and hmm whom andrey kostind that there is such a need? if so, what kind of partner countries could these be, and also after today’s discussion, if the meaning of unfreezing the funded part of the pension, which sergei shvetsov spoke today in terms of filling the economy with long with money, i understand that the decision here is up to the government. well, what is the current position of the bank of russia on this issue? thank you as for the depository hub, the creation of such a regional international depository hub. it seems to me that this is a very good idea. the specifics should be discussed together with the market and together with partners. will there be any interest in creating this e-hub, and what it may consist of, but also an idea. in my opinion, it is very productive for its further development specifically for the development of the international e, capital market. we are more of the latter time they talked about international payments and settlements, because this is the most acute topic, but of

negative trends in the west , vladimir putin said this the president today met with the head of vtb andrey kostin assured the bank that it has overcome all the difficulties associated with sanctions and feels confident and reliable, like its customers are millions russians who apply for a mortgage in a bank and trust it with their savings are actively developing and cooperation with large companies, including foreign ones, konstantin panyushkin will continue the topic. well, here we have a hallway, here there will be a large closet, when you have your own two-story house, you can choose everything large. here we have such a rather spacious living room. i have a wife, two kids, and i think they're here, uh, kids. i mean, they will play football in a two-room apartment, nizhny novgorod. buryanov. we've been for a long time tight last year. at the family council. finally, we decided to take a mortgage on the house and did not fail, we looked at several banks , several offers, but were surprised that there were a lot of hidden payments. we ended up taking out a vtb mortgage uh vtb no hidden fees. tha

novosibirsk, even though the logistics are complicated, all the drugs arrive on time ilya lyadrenny andrey kostineople's republic, today reported on the reliability of the banking sector in russia , vladimir putin held a working meeting with him in a conversation with the president. kostin spoke about the changes associated with western sanctions according to him . they led to the destruction of the world trade system and the growth of inflation . today's meeting in the kremlin is traditional, yet the main shareholder of vtb of the state, so who better than the head of this state to tell how things are going in all directions there is a positive trend, firstly, the total assets of the vtb group have increased. secondly, profit increased in the first 6 months of 2023. it amounted to 289 billion rubles by the end of the year, the figure will grow to 400 billion. we are actively engaged in the creation of a new infrastructure for settlements in rubles and in foreign currency friendly countries. we have the expertise for this. there is, uh, infrastructure, because we are present, and the largest asia

reasonable. comments on what is happening in the world today at a meeting with the head of vtb andrey kostinparticular, they talked about how russia feels. you know what is happening now in the united states in fact, the largest financial crisis, the banking uh shame of 2008, and it is already spreading to europe a and that's just it that we said that they would bypass the sharp sanctions, therefore the sanctions that the west applied against russia which essentially destroyed the world trade system and led to an increase in inflation, but the west's attempt to solve it. this, in the usual way, led to the impairment of bank assets. and in the end, we have what we have, but our banking sector feels secure. i don't think there will be any problems. although we, of course, suffered certain losses due to the fact that you were simply taken away the property that you they said the increase in the level of independence of sovereignty, maybe it happened on time and i mean those negative trends that naturally grow in the banking system themselves. well, he was talking about losses. every nonentity s

footage from the kremlin that we just received, vladimir putin held meeting with the head of vtb, andrey kostinked out the historical was engaged primarily in servicing foreign trade activities. in this regard, it was tied to a large extent to those customers who work in this area on foreign infrastructure. and uh, of course, to go through the difficulties that ill-wishers have created for us. uh, vtb was more difficult, maybe even than other financial institutions, however. still, the main difficulties were due to your efforts and your teams were overcome. what is the situation now in the fourth quarter of last year, we work with a profit in all areas , there is a positive trend. ah, we are actively engaged in the creation of a new infrastructure for the settlement of rubles and in currency-friendly countries. we have the expertise for this. e. tura, because we are present, uh , in the largest asian countries such as china , india. we are present in the cis countries. therefore , active work is being carried out on this basis, i would like to thank you for your political support, because these

andrey kustin, the credit financial institution has been operating in positive territory since the fourth quarter of last year, there is a positive trend in all areas, as for anti-russian sanctions, according to kostinthey helped to become even more independent historically engaged primarily in servicing foreign trade activities. in this regard, it was to a large extent on those clients who work in this area for foreign infrastructure and , uh, of course, go through the difficulties that our ill-wishers created for us. eh, vtb was even more difficult than other financial institutions. in what situation is vtb now since the fourth quarter of last year, we are working with a profit in all areas, there is a positive trend, as far as you know, but those sanctions, which were used against us, you know, maybe thanks to them, but we developed a certain immunity and increased our sovereignty in this matter, what you said about the increase in the level of independence of sovereignty, maybe it happened on time, bearing in mind those negative trends that naturally growing banking system. something to learn now to work in a new way and i think wow for a few years quite. maybe that's pretty much overhauling the