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's Russia unit sued German arm in Moscow court case UniCredit's Russian subsidiary last year sued the Italian bank's own German arm as part of a court case relating to guarantee payments ...

UniCredit SpA is working on a significant risk transfer linked to a portfolio of almost €4 billion ($4.2 billion) of German corporate loans, according to people familiar with the matter.