When the Companies Registration Office struck off the Irish-registered entity of major Russian bank VTB in recent weeks, it washed away one of the last vestiges of the sanctioned bank in Ireland. VTB Eurasia DAC was set up by the bank to raise money, and more than $2 billion in loan notes were issued in 2012. The Irish company operated as normal for many years but that all changed in February 2022 following Russia’s full-scale invasion of Ukraine. VTB, which is the second largest bank in Russia and is state-owned, was slammed with sanctions in the EU, UK and US…

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