Russia has not been the easiest place to do business in the last few years. The collapse of energy prices in June 2014 had a major impact on the oil-rich economy. Moscow's annexation of Crimea in March the same year added a depressingly familiar dose of political tension.
In this environment, it should hardly come as a surprise that Russia’s biggest investment bank, VTB Capital which advises on most of the cross-border deals and trade involving Russian companies has seen its business with Europe and the US suffer.
This was not entirely unexpected by the bank’s executives. In the wake of the global financial crisis, VTB...
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