Many were themselves refugees from Soviet Ukraine and are horrified to see Russian artillery shells hit apartment buildings and a new generation torn from their homes by an oppressive regime. Several of her employees are from Ukraine and have family members there.įew people in Brighton Beach, home to one of the world’s largest concentrations of immigrants from the former Soviet Union, are indifferent to Putin’s war on Ukraine. – Rappler.“We felt that it was divisive,” said co-owner Elena Rakhman, citing feedback from longtime customers who told her they no longer felt comfortable shopping in a store named after Russia. ING said many sanctions against Russia had been in place since 2014. The Dutch bank has around 4.5 billion euros in outstanding loans with Russian clients and around 600 million euros with clients in Ukraine, out of a total loan book worth more than 600 billion euros. Its subsidiaries in Russia and Ukraine have assets, respectively, of 1 billion euros and 300 million euros, which together represent just 0.1% of the group’s total assets. Intesa’s loan exposure to Russia was 5.57 billion euros at the end of 2021, or 1.1% of the total. It handles more than half of all commercial transactions between Italy and Russia.
Italy’s biggest bank has financed major investment projects in Russia, such as the Blue Stream gas pipeline and the sale of a stake in oil producer Rosneft. UniCredit said last week its Russian franchise accounted for only around 3% of group revenues and provisions covered 84% of its non-performing exposures. The rest includes off-balance sheet items and cross-border loans mainly granted by UniCredit SpA towards large corporates outside of Russia. Of that, around 8 billion euros are loans extended by the Russian arm and locally funded. UniCredit’s “exposure at default” relating to Russia totaled 14.2 billion euros as of mid-2021. UniCredit Russia’s 2.3 billion euros in equity accounts for 3.7% of the group’s total. The Italian bank’s Russian subsidiary ranks as the country’s 14th largest bank. The bank said it had implemented measures to adapt to the new sanctions and that Rosbank continued to operate in a “safe manner.” Including financial services, net income at SG Russia was 152 million euros, versus 76 million in 2020. Its Russian retail business – to which 1.05 billion euros of capital was allocated on average last year – produced 115 million euros in 2021 net income, up from 37 million euros in 2020. Sovereign entities account for 21%, financial institutions for 4%.Īctual loans grew 13.3% last year to 10.5 billion euros. Of SocGen’s Russian exposure, 39% is to the corporate sector and 36% to retail. That includes both on- and off-balance sheet items (for example a credit line that has not yet been tapped). Societe Generale, which controls Russian bank Rosbank, had 18 billion euros of overall exposure to Russia at the end of last year – or 1.7% of the group total. Societe Generale started doing business in Russia in 1872 then left the country in 1917, the year of the Bolshevik revolution, to return in 1973. RBI chief executive Johann Strobl told Reuters this week that the group’s Russian subsidiary “had a very strong liquidity position and recording inflows.” Provisions against losses cover 64.3% of RBI’s impaired exposures in Russia. Raiffeisen also holds 2.2 billion euros in loans to Ukrainian customers.
The overall figure comprises 11.6 billion euros in customer loans (or 11.5% of group), more than 80% of which are in Russian roubles.Ĭross-border exposure to Russia is only 1.6 billion euros with no parent funding from Vienna.
Russia’s central bank accounts for 8% of RBI’s exposure to the country, sovereign entities for 4%, and Russian banks for 2%, based on the presentation. RBI’s Russian exposure totaled 22.85 billion euros, more than half relating to the corporate private sector, it said in its 2021 results presentation. RBI has operated in Russia since the collapse of the Soviet Union and its business there contributed almost a third to the group’s net profit of 1.5 billion euros ($1.66 billion) last year. Its equity of 2.4 billion euros represents 18% of consolidated equity. With overall assets of 15.8 billion euros, it employs around 8,700 staff to serve more than 4.5 million customers. The Austrian lender’s Russian business ranks as the country’s ninth largest bank by loans. As a comparison, Goldman Sachs Group reported in a filing last month $293 million in net exposure to Russia, as well as a total of $414 million of market exposure as of December 2021.
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