VTB, Russia's second largest bank, was founded in 1990 and entered the Chinese market in 2008. With businesses that also cover Russia's Far East, VTB is extremely focused on helping businesses grow in this region, said Riccardo Orcel, head of Global Banking at VTB Capital. Speaking on the geographical closeness between China and Russia, Russia's Far East, which borders China's "rust belt," has been the center of the attention between the two countries.