Unicredit announced its commitment to leave the Russian market

In an interview with El Periódico, the Chief of Unicredit said that “in the last three years, the bank has seriously interacted with a significant number of counterparts and has studied all possible options” for a transaction under its unit in Russia, “without However, due to sanctions and other difficulties, ”the bank did not achieve progress Go back everything, ”said Orsel in an interview with FT.

According to ORSEL, the termination of hostilities in Ukraine can provide Unicredit with more favorable conditions for the sale of his Russian “daughter” to a “fair price.” FT clarifies that since 2022, a credit institution has experienced “normative and legal difficulties” while trying to sell its Russian unit.

“If politics changes, the possibilities of selling [российскую дочернюю компанию] In more attractive conditions, they will increase, since the situation is normalized for both sides. Therefore, our path to take care of [с российского рынка] Accelerate <...>“, – ORSEL aggregate.

FT points out that Russia is an important market for Unicredit: in 2024, the Russian “daughter” of the total income of a credit institution amounted to approximately 5%. According to the latest data, the income of the Unicredit unit in Russia increased by € 1.3 billion by € 1.3 billion, the annual net earnings amounted to € 577 million.

On Tuesday, February 18, the high -ranking faces of Russia and the United States during the first one in three years of negotiations in Riyadh discussed the agreement of the conflict in Ukraine. They also agreed to restore embassy staff in Moscow and Washington. In addition, the parties discussed the preparations for the meeting of the presidents of Russia and the United States, which, according to the assistant Vladimir Putin Yuri Ushakov, “it is unlikely to take place next week.”