Russia's VTB says ready to borrow in other markets after Western sanctions

MOSCOW, July 30 Wed Jul 30, 2014 6:29am EDT

MOSCOW, July 30 (Reuters) - Russia's second-largest bank, VTB, said on Wednesday it was ready to borrow on financial markets outside the European Union and United States after it was included in new Western sanctions over the Ukraine crisis.

"VTB Group is ready to borrow in other currencies and on other markets," the bank said in a statement, adding that it did not see any threat to its overseas business from the sanctions. (Reporting by Oksana Kobzeva and Alexander Winning, editing by Elizabeth Piper)

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