[4] Though Russia issued an international arrest warrant for Andrey Borodin for his suspected role in the accused fraud,[4] he was granted political asylum in the UK in February 2013.

VTB also acquired 25% plus one share of Capital Insurance Group, which had a 17.32% stake in the Bank of Moscow.

The sale was made to VTB (according to the representative of the Moscow mayor's office) because of a higher price offered and the availability of complete documentation, including a permit to purchase from the Russian Federal Antimonopoly Service.

[11] Borodin himself, who by this time had been indicted in absentia for abuse of office, said that the transaction was carried out with a "torn off by hand",[12] and that the change of leadership at the bank led to the raids.

[13] By the end of September 2011, VTB had acquired more than 80% of the shares of the Bank of Moscow,[14] buying from Vital Yusufov (20%), and Suleiman Kerimov (3.88%).

[15] As a result, in late September 2011 the Deposit Insurance Agency provided a loan for 10 years, amounting to 295 billion rubles.

[21][22][23][24][25][26][disputed (for: statement is counter factual and not supported by any of the given references)  – discuss] 31 July 2014: VTB and its subsidiaries, such as the Bank of Moscow, were added to the European Union sanctions list due to its role in the annexation of Crimea by the Russian Federation.

"[28] 12 September 2014: the United States issues a consolidated listing of directives associated with Executive Order 13662 sanctions during the Ukraine crisis.

[23][24][25][34] 28 November 2017: the United States increases the Executive Order 13662 sanctions to the Russian financial sector.