UniCredit Germany could not honour the counter guarantees due to sanctions and was taken to court in Moscow by AO Bank. UniCredit said a Russia court in October ordered its German unit to pay the ...

UniCredit could accelerate its exit from Russia ... a “fair price” amid regulatory and legal difficulties following Moscow’s full-scale invasion of Ukraine in February 2022.

UniCredit and other European lenders have been under growing pressure from the ECB to reduce Russian operations since Moscow's invasion of Ukraine in 2022. Authorities in Europe and the U.S. want ...