OREANDA-NEWS  VTB does not intend to buy back shares from unfriendly non-residents as part of the decree of the President of the Russian Federation, Dmitry Pyanov, first deputy chairman of the bank's board, told reporters.

"As I read in the Telegram channels, we do not plan any intentions for any actions in relation to shares of foreigners, ADR, GDR and other and other derivatives. We have received this order from the President of the Russian Federation exclusively for transactions or operations previously announced and planned by us during 2024, 2025 and 2026 on the reorganization of VTB Bank and on the reorganization of VTB Bank subsidiaries," Pyanov said.

"Any share buyback, even from unfriendly individuals, is a reduction in our capital. Therefore, we have no such intentions to make any kind of buy-back, buyback, any operations, except for reorganization, on our shares," he added.

Russian President Vladimir Putin, as follows from the order published on October 9, allowed VTB and persons under his control to make transactions with shares of the bank and persons under his control belonging to unfriendly foreigners.