Top Russian investment bank begins Dubai operations

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Russian corporates looking to gain a foothold in the Gulf market and access to capital, and Gulf investors looking to tap opportunities in key econ-omic sectors in Russia will now be able to draw upon the presence of Russia's second largest bank in Dubai.

VTB Capital is the investment bank linked to VTB Group, Russia's second largest bank, and officially began operating from the Dubai International Financial Centre (DIFC) yesterday.

According to Yuri Soloviev, president and global chief executive officer of VTB Capital, the opportunities for cooperation in utilities, energy and power generation, as well as more diverse sectors such as hospitality, real estate, infrastructure and logistics, can be mutually beneficial.