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Politics
Italy’s UniCredit sells Russian subsidiary
May 7, 2026
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Posted 1 hour ago by
UniCredit said it will sell part of its Russian subsidiary AO Bank to a private investor from the United Arab Emirates as it continues reducing its presence in Russia after the 2022 invasion of Ukraine The bank said the deal will help refocus its remaining business on international payments for non-sanctioned clients and is expected to close in 2027.
Kyiv Post
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