EU banks paying more Russian taxes since Ukraine conflict – FT ...News

Raiffeisen, UniCredit and others with a presence in Russia have seen profits increase threefold since 2021 The largest EU-based banks operating in Russia saw profits soar last year and paid four times more in taxes than before the start of the Ukraine conflict, the Financial Times reported on Monday. A number of foreign banks have left Russia since 2022 due to the West’s Ukraine-related sanctions. However, several lenders, including some from the Eurozone, opted to remain but reduced their operations. The European Central Bank (ECB) has been pressuring the remaining lenders to quit the Russian market. Austria’s Ra

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