Milan, 08 April 2022 - Since the war in Ukraine began, Intesa Sanpaolo has activated a crisis unit dedicated to overseeing the Group’s activities in Russia.
Applying principles of utmost prudence, all business activities with Russian and Belarusian counterparties - including those of the Group's Russian subsidiary, Banca Intesa Russia - have been subject to enhanced monitoring and analysis.
Intesa Sanpaolo has not carried out any new financing with Russian or Belarusian counterparties since the beginning of the war and has stopped investments in Russian and Belarusian financial instruments, independently from the applicable sanction regimes.
The Intesa Sanpaolo Group’s local presence in Russia is under strategic review, as previously announced.
These actions are in addition to the ordinary processes aimed at guaranteeing strict compliance by the Intesa Sanpaolo Group with all applicable sanction regimes put in place by the competent Authorities.
Last updated 8 April 2022 at 10:44