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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Turkey will not participate in NATO drills amid escalating tensions with neighboring Greece, local media reported on Saturday, citing security sources. Ankara was scheduled to send its F-16 Fighting Falcon jets to the annual ‘Tiger Meet’ drill, which will be held at the Araxos Air Base in western Greece from May 9 to May 22.
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