Italy's largest bank will limit payments from Russia: what will change in 2025
Kyiv • UNN
Intesa Sanpaolo will stop accepting payments in euros from Russian banks from January 15, 2025. The restrictions will affect mainly corporate clients of the Russian Federation, but will have exceptions for domestic transactions.
Intesa Sanpaolo's financial transactions with Russian clients will be restricted from January 15, 2025. However, there will be exceptions.
Transmits to UNN with reference to DW.
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Italian bank Intesa Sanpaolo will stop accepting payments in euros from Russian banks. The decision is likely to affect mainly Russian corporate clients: exporters and importers, companies from the service and industrial sectors.
It is also indicated that commercial transactions between accounts within Intesa Sanpaolo itself will be an exception.
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Intesa Sanpaolo is an Italian banking group that is a leader in the Italian banking market and one of the largest banking groups in the eurozone. Banca Intesa is a wholly owned subsidiary of Intesa Sanpaolo.
The restrictions will apply to payments in euros, with the exception of commercial transactions between accounts within Intesa Sanpaolo itself and its subsidiaries and banks located in Italy. In connection with the upcoming changes, the Italian bank asks to assess in advance the possible risks of refusal to conduct them
