MOSCOW, April 5 Andrey Kostin will have his term
extended as chief executive of VTB, Russia's
second-largest state bank, TASS news agency cited Russian Prime
Minister Dmitry Medvedev as saying on Wednesday.
Kostin has headed VTB, which is under Western sanctions over
Russia's role in the Ukraine conflict, since 2002.
VTB has played a major role in funnelling capital to the
resource exporters that dominate Russia's economy and has
overseas operations in Europe, Asia and Africa.
(Reporting by Alexander Winning; editing by Polina Devitt)