ECB set to order UniCredit to reduce Russia business

19 April 2024, 12:00 am

1 min read

FILE PHOTO: A view shows the board of the European Central Bank (ECB) building, on the day of the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 14, 2023. REUTERS/Wolfgang Rattay/File Photo

Reuters exclusively reported that the European Central Bank is poised to order Italy’s UniCredit to cut back its business with Russia as the regulator exerts pressure to choke off European financial ties with Moscow.