Europe

ECB set to order UniCredit to reduce Russia business


Business & Finance

Reuters exclusively reported that the European Central Bank is poised to order Italy’s UniCredit to cut back its business with Russia as the regulator exerts pressure to choke off European financial ties with Moscow. 

Market Impact

Two years after Russia’s full-scale invasion of Ukraine, European regulators are ratcheting up pressure on its lenders as the conflict shows no sign of abating.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story



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