UniCredit is an international banking group headquartered in Milan. It is Italy's only systemically important bank and the world's 34th largest by assets.

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The bank has 106 divisions in Russia and a representative office in Belarus, over 985 thousand individual clients and over 22.6 thousand corporate clients. Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance. The Rushimalliance company (established by Gazprom and RusGazDobycha) sued UniCredit Bank and demanded to recover 45.7 billion rubles. Previously filed a lawsuit against the German banks Deutsche Bank and Commerzbank. The European Central Bank is poised to order Italy's UniCredit, opens new tab to cut back its business with Russia.

The Company Statement
June 27, 2023

Still operating in Russia. UniCredit is considering leaving the Russian Federation, but with the possibility of returning after the war - Bloomberg. UniCredit Bank, a subsidiary bank of the Italian group UniCredit, in 2022 increased its net profit according to the RAS by 4 times, to 56.5 billion rubles, according to the reporting of the credit organization. It is reported that at the moment two banks — Creditas and UniCredit Bank — have confirmed that they are canceling the accounts of Russian and Belarusian citizens. According to the representative of UniCredit Bank Petr Plotsek, the bank has long been applying special rules for opening and maintaining accounts for persons from outside the EU. He emphasized that such persons, both physical and legal, must prove a reliable and justified connection with the Czech Republic, although the bank does not publish these rules due to their nature.

April 25, 2024UniCredit warned about restrictions on transfers for Russians
April 24, 2024One of the last European banks in Russia warned about restrictions on transfers for Russians
April 18, 2024Raiffeisen warns ECB plans could derail plan to sell Russian arm
April 17, 2024Gazprom Unit Fights Ruling Blocking Russian UniCredit Claim
March 12, 2024UniCredit faces hearings in case over Russia sanctions, guarantee claims
February 05, 2024Unicredit CEO:scaling down of Russian business will have 300 mln euro negative effect in 2024
August 07, 2023FT: The largest European companies have lost 100 billion euros in Russia since the beginning of the war in Ukraine
August 07, 2023Rushimalliance filed a lawsuit against UniCredit Bank for 45.7 billion rubles
August 06, 2023European companies suffer €100bn hit from Russia operations
July 25, 2023UniCredit to post strong quarter as Russia draws scrutiny
June 21, 2023Avtovaz completes deal to buy Renault-Nissan's Russian finance business
May 24, 2023Unicredit Bank quadrupled net annual income under RAS
May 16, 2023Czech banks close accounts for Russians and Belarusians without warning
April 18, 2023To the attention of clients: UniCredit Bank's additional offices in Arkhangelsk, Belgorod and Sochi will be closed in June 2023
April 18, 2023UniCredit Bank will close three more branches in the regions in June
April 14, 2023Letter sent by B4Ukraine to the UniCredit and the response provided
February 13, 2023Austria's Raiffeisen Bank and Italy's UniCredit continue to earn in Russia, but pressure on them has intensified, Reuters
January 31, 2023UniCredit received a loss of 220 million euros in Russia in 2022
January 14, 2023Analysis: Loans to Russian soldiers fuel calls for European banks to quit
November 07, 2022UniCredit shares hit by ECB tensions over capital, Russia
November 07, 2022UniCredit under pressure from ECB over dividend payouts, Russia exit
October 04, 2022Why are Raiffeisen and UniCredit still in Russia?
July 06, 2022UniCredit is considering leaving the Russian Federation, but with the possibility of returning after the war - Bloomberg
June 06, 2022UniCredit widens search for buyers to sell out of Russia
May 08, 2022Press release
April 15, 2022UniCredit Weighs Russia Exit as Bankers’ Pull-Back Gathers Pace
UniCredit in Russia
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