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“Potential harmful consequences of Bank of Moscow takeover”

There is a great concern about the future of the companies, financed by Bank of Moscow before VTB’s takeover, as well as their employees after VTB has cut off financial services to these assets. Moskovskiy Mezhrespublikanskiy is one such company. It has recently been reported by the media that there is a risk that Moskovskiy Mezhrespublikanskiy Vinzavod may go bankrupt. Such situation has been caused by the interruption of financing to the company by Bank of Moscow new management, appointed by VTB. Future of the other assets that previously received loans from VTB is uncertain too because of the lack of financing.