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Revealed: Tories given £44,000 by top official at sanctioned Russian bank

Treasury gave a controversial 30-day grace period to Kremlin-linked VTB Bank – where a senior banker has handed the Tories £44,000 since 2018

Revealed: Tories given £44,000 by top official at sanctioned Russian bank
A branch of VTB bank in Belgrade, Serbia
Published:

A top official at a sanctioned Russian bank has given the Conservative Party more than £44,000 since 2018, openDemocracy can reveal.

It comes two days after VTB Bank was handed a “preposterous” 30-day reprieve from UK sanctions.

The UK government clamped down on VTB, Russia’s second-largest bank, on the day Russia invaded Ukraine – 24 February. But the following day, the Treasury unit handling sanctions quietly issued a licence allowing VTB a month’s grace period to wind down operations.