A Russian scheme to grant loan payment holidays to troops fighting in Ukraine, and for banks to write off the entire debt if they are killed or maimed, has added to growing pressure for the remaining overseas lenders in Russia to leave
Their role in supporting the Russian economy at a critical time for President Vladimir Putin has prompted some investors to go public with their misgivings.
"Soldiers and officers ensure the security of our country and we must be sure that they will be taken care of," he said. "We feel that it is right for companies to withdraw from Russia, given its unprovoked attack on Ukraine," said Pederson. Refinitiv data shows Nordea owns shares in UniCredit. It made a net profit of roughly 3.8 billion euros last year, thanks in large part to a 2 billion euro plus profit from its Russia business.
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