“We were not satisfied with the price of the offers made; we had paid the Central Bank much more. Therefore, we will develop it ourselves for now,” Kostin noted.
Rosgosstrakh, the oldest insurance company in Russia (operating since 1921), became the property of VTB together with the Otkrytie group at the end of 2022. The new owner almost immediately announced its intention to sell the asset due to its “mismatch” with the group’s main banking business.
Photos are from open sources.