Story
Timeline
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Ukraine: Govt. excludes OTP Bank from list of intl. war sponsors after discussions with co. & its commitments regarding future plans in Russia
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Russia: Italian bank Intesa Sanpaolo gets Putin's approval to sell or dispose of its assets in country
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USA: Authorities investigate Credit Suisse & UBS over alleged breaches of sanctions against Russia
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Russia: Binance quits country over sanctions compliance concerns by selling its business to newly-launched co.
The exchange is leaving the Russian market over compliance concerns, selling its regional unit to the newly-launched CommEX.
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Russia: Sberbank seeks seizure of Glencore's assets as compensation for oil debt
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Central Asian and Caucasus banks sever ties with Unistream amid U.S. sanctions and surge in Russian cash flows
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Russia: ECB urges European banks to speed up exit plans by adopting clear roadmaps due to risks associated with doing business in country
Continued exposure to the sanctioned country poses a reputational risk, the European Central Bank’s chief supervisor warns
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Raiffeisen Bank prepares to spin off its Russian subsidiary after unsuccessful search for buyer, according to Reuters sources
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Ukraine: Govt. classifies OTP Bank as war sponsor over continued operations in Russia & recognition of occupied territories, incl. co. comments
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US allegedly allowed JPMorgan to process payments for exported Russian grain, according to AFP source
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UN seeking to reconnect some Russian banks to SWIFT to help keep export of agricutural goods from Ukraine going, says spokesman
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Russia: Deutsche Bank to close down its remaining IT operations & to offer severance packages to employees, according to FT sources
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Raiffeisen in talks over sale of Russian banking arm amid growing pressure from regulators & Western govts.
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Russia: Citigroup cannot allegedly sell assets due to inability to transfer IT system to buyers
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Ukraine declares Raiffeisen Bank intl. sponsor of war over ongoing operations in Russia & recognition of occupied territories
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Russia: Raiffeisen Bank in talks with Sberbank over profits' swap in attempt to reduce its exposure to market
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Austria: Foreign Ministry says Raiffeisen bank has to decide independently on future of its operations in Russia, calls its behaviour reasonable
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Russia: Austria’s Raiffeisen Bank making record profits while 'stuck' in Russia
One year into Russia’s bloody invasion of Ukraine, as western companies flee the country, fearful of the reputational and legal risk of continuing to do business there, Raiffeisen finds itself stuck.
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Financial crime watchdog FATF suspends Russia's membership over war in Ukraine
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U.S. sanctions authority probes Raiffeisen on Russia
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Russia: Law on loan repayment holidays for soldiers fighting in Ukraine adds growing pressure for remaining European banks to leave
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Russia: Western banks struggle to exit after adoption of law prohibiting divestment without President's approval; incl. cos. comments
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Ukraine: National Bank notes lack of progress on withdrawal of intl banking groups from Russia & asks for support from partner states, regulators
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Irresponsible banking: By Staying in Russia, Raiffeisen Bank Risks Slipping from Compliance to Complicity
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Cyprus: Group of PwC partners launched breakaway firm to take on work from Russia-linked clients; incl. cos. comments
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Russia bans 45 foreign-owned banks or banking units from selling their shares
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Russia: Conscripted Raiffeisen Bank IT specialist killed in Ukraine despite being eligible for draft deferment
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Russia: Citigroup accelerates exit from its operations
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New report documents evidence of Gazprombank paying salaries to Russian soldiers deployed in Ukraine
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Investors' voices are missing in corporate exodus from Russia, experts claim
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Western Union stops all finance-related operations in Russia & Belarus
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NGOs urge banks to contribute to global pressure on Russia over invasion of Ukraine
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Russia moves towards nationalising assets of firms that leave - ruling party
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Ukraine: Visa and Mastercard suspend operations in Russia over Ukraine invasion: incl. co. comments
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Credit Suisse, Societe Generale, Bank of China's Singapore branch halt financing deals with Russia in response to military invasion in Ukraine
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Norway’s sovereign-wealth fund to exit Russian holdings
The world’s largest sovereign-wealth fund is divesting its Russian holdings following Russia's invasion of Ukraine.
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Increasing number of investors announce Russia exodus, cite challenges
Number of investors seeking to ditch their Russian holdings continued to grow following the country's attack on Ukraine
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Russia: Customers of banks targeted by foreign sanctions are unable to use their cards abroad, access Apple Pay or Google Pay
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Lithuania: Financial technology company Paysera stops payments linked to Russia and Belarus amidst aggression in Ukraine
The Lithuanian fintech company Paysera has halted transfers to and from Russia and Belarus, the company said in a press release. The decision was made in solidarity with Ukraine and to reduce risks from the Russian market.