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UniCredit Russia's business no longer accepts corporate clients and increases fees

According to a new tariff plan posted on the bank website, UniCredit's Russian subsidiary has stopped accepting new corporate clients. It is also increasing service fees for all of its businesses.

UniCredit continues its efforts to leave Russia under pressure from European Central Bank. The bank has asked the group to accelerate the winding-down of its business, including limiting transactions and deposits.

The Italian lender announced on Wednesday that the monthly service fee will rise to 15,000-20,000 Roubles ($182-$243), from 4,900-6900 Roubles.

Tariffs will increase to 30,000-40, 000 roubles a month from December 1.

The lender stated that "the bank will gradually change the monthly fees for tariff plans... and implement these changes with a phased implementation to allow clients to make operational choices."

The press service of UniCredit did not offer any further clarification.

UniCredit previously prohibited reissues of credit cards and transfers outbound in U.S. Dollars for individuals.

According to a document viewed by, in the spring, United Arab Emirates companies approached the Italian Finance Ministry to offer to purchase UniCredit’s Russian assets for a steep discount.

(source: Reuters)