Growing ties between Russian and Chinese companies have led to a need for new financing capabilities from banking partners. As the only Russian bank with a full banking license in China, VTB Bank is well-positioned to assist. FinanceAsia spoke with Yuri Soloviev, First Deputy President and Chairman of VTB, about the bank’s plans for the future.
The Russian president sees a rapid pace of growth of settlement in national currencies between China and Russia. The Silk Road Fund flagged investments to come in infrastructure, agriculture and transport.