Bank of Moscow
Borodin stated that he was forced to accept a price below fair market value because of strong pressure exerted on him and claimed that Yusufov was acting on behalf of President Medvedev, who ordered a "politically" motivated takeover of the Bank of Moscow. In July 2011 Yusufov sold his stake to VTB, which in September 2012 controlled more than 95.50 percent of the shares of Bank of Moscow. Yusufov claimed, that he acted on his own judgment. That was the reason, why the price negotiations with VTB took so long.