VTB chief flags worsening investment climate, property rights fears in Russia

VTB CEO Andrey Kostin publicly acknowledged a deteriorating investment climate in Russia, citing concerns over property rights and business seizure. This follows recent state decisions to impose temporary management on Auchan, Nestle, and Lemane PRO, signaling a shift in state-business relations. The statement from a senior state-bank official suggests growing unease among elites about expropriation risks, which could accelerate capital flight and deter foreign investment.