Italian lenders must quit the country to avoid a “reputational problem”, a European Central Bank policymaker has warned A senior official at the European Central Bank (ECB) has urged Italian banks with operations in Russia to pull out, amid the threat of harsher US sanctions on Moscow over the conflict in Ukraine. Italy’s UniCredit currently has the second largest exposure to the Russian market among EU-based banks, after Austria's Raiffeisen Bank International (RBI). Another lender, Intesa Sanpaolo, is working to dispose of its business in the country. ”From there (Russia) you have to get out,” ECB policymaker Fa
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