# UniCredit was one of Russia's top 15 banks when Moscow launched war in Ukraine.

*business · news · 2026-04-10 · Reuters*

## Key points

- The European Central Bank formally warned UniCredit about Russia-related risks in April 2023.
- In 2024, the ECB demanded UniCredit further reduce its activities in Russia.
- UniCredit halved its Russian unit's loans to 600 million euros, yet net profit increased.
- Russia's central bank still lists UniCredit's Russian unit as systemically important.

**Companies:** UniCredit
**Countries:** Russia, Italy

[Read the full story on Reuters](https://www.reuters.com/legal/transactional/italys-unicredit-considers-liquidating-russian-banking-business-kommersant-2026-04-10/)

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