Western banks eyeing asset swaps to exit Russia – media

Western banks eyeing asset swaps to exit Russia – media

UniCredit and Citigroup are reportedly trying to avoid bulky write-downs related to quitting Russia over Ukraine In an attempt to escape hefty write-downs on operations in Russia due to their exit from the sanction-hit country, UniCredit and Citigroup are exploring the possibility of swapping assets with Russian banks, FT reports, citing people with knowledge of…

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