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UniCredit gets Putin’s approval to sell part of its Russian business

The Italian bank plans to keep its international payments business while selling its other Russian operations. The approval contrasts with Moscow’s recent moves to place several Western companies’…

  • Russian President Putin approves UniCredit's sale of part of its Russian business.
  • UniCredit to sell 100% of shares in Russian subsidiary to UAE investor.
  • Deal requires Putin's personal approval due to 2022 decree on foreign transactions.

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