The country’s second-largest bank identifies a significant void in capital markets following the withdrawal of Western institutional investors. Kostin suggests that the current influx of interest from the East and the Gulf represents a structural shift for the Russian financial sector. While foreign capital remains constrained by the ongoing geopolitical environment, these regional players are treating Russia as a long-term strategic destination.
These investors are currently navigating a market defined by restricted international participation. Kostin’s assessment points to a readiness among these groups to accelerate capital deployment as soon as the security situation stabilizes. For now, VTB is positioning itself to act as the primary conduit for this redirected capital, aiming to fill the vacuum left by the departure of international firms.
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