Italian bank UniCredit has abandoned plans to sell its Russian unit and is considering liquidating the business and relinquishing its banking license in Russia instead, the Kommersant daily reported on Friday, citing unnamed sources.
UniCredit was one of Russia’s top 15 banks when Moscow launched its war in Ukraine in February 2022, a move that triggered sweeping Western sanctions against Russia.
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The European Central Bank formally warned UniCredit about Russia-… [792 chars]
Source: Reuters | Published: 2026-04-10T09:01:54Z
Credit: Reuters
