Russian PM flexes muscle with attack on VTB

Russia's second largest bank, whose shares have slumped since floating in May, has been criticised by the country's new Prime Minister for refusing to lend money to a domestic company, as the government continues to push for more influence over the country's businesses.

VTB, which completed a $8.2bn (€6bn) in May, has been attacked by Victor Zubkov, for failing to lend money to a local paper mill, forcing it to go to the Czech Republic to raise money.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached