Russia

VTB, RWB continue talks on sensitive points — VTB senior executive

TASS English · 2026-06-30

AI SUMMARY

• What happened: VTB and Russian online retailer RWB are in ongoing discussions to finalize details of their partnership, with VTB's First Deputy CEO Dmitry Pyanov acknowledging that sensitive points are still under negotiation. • Why it matters: The partnership is significant as it involves VTB acquiring a 5% stake in WB Bank, which will provide WB Bank access to VTB's infrastructure and investment products, potentially impacting the retail banking landscape in Russia. • What to watch next: Stakeholders will be monitoring the outcome of the negotiations for any developments that could clarify the terms of the partnership and its implications for both companies and the broader market.

VTB, RWB continue talks on sensitive points — VTB senior executive According to the bank's First Deputy CEO Dmitry Pyanov, not all the details of the partnership have been finalizedMOSCOW, June 30. /TASS/. VTB and Russian online retailer RWB, have not yet finalized all the details in their partnership, First Deputy CEO of VTB Dmitry Pyanov said at the annual general meeting of shareholders. "We absolutely agree that information is not yet sufficient for existing shareholders, for the interested persons [in the deal with RWB - TASS]," Pyanov said. "This is related to the unique nature of the partnership; not all the details of the partnership have been finalized. There are several sensitive moment, in respect of which negotiations continue," he noted. The RWB press service said earlier that the company plans to enter into a strategic partnership agreement with VTB. The bank will acquire a 5% stake in WB Bank as a result. WB Bank will also have access to VTH infrastructure, investment and other products. 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Source: TASS English
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