By the end of this year, only 66% of VTB's revenues should come from Russia

Now that VTB's US office is open, it's clarified its aspirations for its business outside Russia: by the end of this year, it wants to generate one third of its revenues from its operations in the US, Europe and the Middle East.

VTB has been doing some big equities hiring in Dubai where it's been poaching people from Credit Suisse and Nomura.  It's also indicated an interest in expanding in Bulgaria, and has been adding staff in London ever since 2008. 

Despite its international push, VTB's careers website indicates that it still has 72 job openings in Russia. Earlier this year, Atanas Bostandjiev, the former Goldman Sachs Partner who runs VTB’s international business, said 80% of VTB's international hiring had been completed.