The largest western banks that remain in #Russia paid the #Kremlin more than €800mn of taxes last year, a fourfold increase on prewar levels, despite promises to minimise their Russian exposure after the full-scale invasion of #Ukraine.
The seven top European banks by assets in Russia — #Raiffeisen Bank International, #UniCredit, #ING, #Commerzbank, Deutsche Bank, Intesa Sanpaolo and OTP — reported a combined profit of more than €3bn in 2023.
