Kostin says VTB shares to rise in price if sanctions are lifted

VTB shares may rise in price by 25% in case of lifting of the US and EU sanctions, the head of VTB Andrey Kostin told Bloomberg TV.

"At the moment, we believe that it will not happen this year, but who knows," he noted.

"Our business partners in Europe say that it is possible that the sanctions in the banking sector will be lifted in July, but this does not depend on us," TASS cited the VTB head as saying.

Recall, the list includes Vnesheconombank, Gazprombank, VTB, Sberbank, Rosselkhozbank,  the 'Russia' bank and SMP Bank.