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Andrea Orcel, Between the Pressure of the Ecb and Putin: Unicredit Would Lose $6.7 Billion if He Left Russia
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Andrea Orcel, the president of Unicredit, is under pressure from the European Central Bank, and also that of Vladimir Putin. The Italian bank has been analyzing his departure from Russia for four years, but in 2025 the group triggered its profit in the country, and warns that closing its Russian subsidiary would mean losing assets worth 6,703 million euros. Since the beginning of the invasion of Ukraine by Moscow, in February 2022, the ECB has u…
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