business / news / / Reuters
UniCredit was one of Russia's top 15 banks when Moscow launched war in Ukraine.
The European Central Bank formally warned UniCredit about Russia-related risks in April 2023.
KEY POINTS
- 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
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