Shares in Russia's second-largest bank VTB slid over 3 percent at the start of trading on Wednesday, but the broader stock market rose as investors had priced in the impact of a new wave of Western sanctions. Brussels and Washington announced new punitive measures on Tuesday, targeting Russia's energy, banking and defence sectors over what they say is Moscow's support for rebels in eastern Ukraine. The U.S. Treasury imposed targeted sanctions on Russian banks including VTB, VTB subsidiary Bank of Moscow and the Russian Agricultural Bank. VTB recouped some of its early losses to trade 1.55 percent lower at 0635 GMT, sharply underperforming the broader rouble-denominated MICEX index, which rose 1 percent. Read More http://ift.tt/1s1xPz8
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