Russia's second largest bank, whose shares have slumped since floating in May, has been criticised by the country's new Prime Minister for refusing to lend money to a domestic company, as the government continues to push for more influence over the country's businesses.

VTB, which completed a $8.2bn (€6bn) in May, has been attacked by Victor Zubkov, for failing to lend money to a local paper mill, forcing it to go to the Czech Republic to raise money.