MOSCOW (Reuters) - Possible new U.S. sanctions on the Russian financial sector would be a hard blow, Andrey Kostin, chief executive of Russia’s second biggest bank VTB, told Rossiya-24 TV station in an interview.
He also said he believed it would be ‘impossible’ for the Russian central bank to cut its key interest rate at a meeting next week given the recent turmoil on the markets.
But, Kostin added that the Russian economy was strong and should not expect any significant shocks.
Reporting by Katya Golubkova; Editing by Kirsten Donovan
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