Putin allowed UniCredit to reorganize UniCredit Bank and divide its business in the Russian Federation

Putin allowed UniCredit to reorganize UniCredit Bank and divide its business in the Russian Federation

Russian President Vladimir Putin allowed the Italian group UniCredit to reorganize the bank's Russian subsidiary and transactions with its shares, the corresponding decree was published on the official web portal of legal information. In early May, UniCredit announced plans to split the Russian business and sell part of it to an investor from the United Arab Emirates (UAE).