VTB’s European Unit Put Up for Sale as Sanctions Fallout Spreads

Russian lender VTB Bank PJSC’s European unit has been put up for sale after sanctions imposed in the wake of Moscow’s invasion of Ukraine cut it off from the parent company.

German regulators are backing the bank’s plan as they seek to avoid a messy unraveling of Frankfurt-based VTB Bank Europe SE, according to people familiar with the matter. While a sale isn’t the only option, it could be agreed at short notice, the people said, asking to remain anonymous as the matter is private.

VTB’s press department didn’t respond to emailed requests for comment. A spokeswoman for ...