Like other major international banks, Italy's biggest bank Intesa Sanpaolo is reviewing its presence in Russia. RussiaUkraineCrisis
Like other major international banks, including domestic rival UniCredit, Intesa has said it is reviewing its presence in Russia, where it serves corporate clients with a staff of around 980 people across 28 branches.
Intesa, which used to handle more than half of commercial transactions between Italy and Russia, has financed major investment Russian projects, such as the Blue Stream gas pipeline and the sale of a stake in oil group Rosneft.Intesa has said it was continuing to provide essential banking services at Pravex branches whenever it was safe to do so, while helping to evacuate employees under threat.For the rest of the group exposures deriving, for example, from untapped credit lines were 1.
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