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Andrei Kostin, CEO of VTB, Russia's second-largest bank, has been indicted in a US court on charges of illegally circumventing sanctions restrictions. The indictment accuses Kostin of engaging in money laundering and sanctions violations, specifically through maintaining two yachts and a home in Aspen, Colorado. In a separate but related case, Vadim Wolfson, founder of one of Russia's largest private banks, is accused of selling a $12 million mansion in Colorado to benefit an oligarch, according to a federal indictment. Both Kostin and Wolfson have denied the allegations, with Kostin calling the accusations 'groundless'.
Russia's VTB bank CEO Andrei Kostin rejected a US charge that he illegally circumvented sanctions restrictions. Kostin is accused of money laundering and sanctions violations through his maintenance of two yachts and a home in Aspen, Colorado https://t.co/lk24YBuWXo https://t.co/dkJEqT2P9k
Russian bank boss Kostin rejects US charge of sanctions violations https://t.co/RAam0ucXvK https://t.co/0pFk1ZJdJZ
Andrei Kostin, CEO of Russia's No. 2 bank VTB, has rejected a US charge that he illegally circumvented sanctions restrictions, calling accusations in a US court indictment 'groundless' https://t.co/lk24YBup7Q https://t.co/lQ1OCd60yZ