The largest Western banks still operating in Russia paid more than €800 million in taxes last year. The Telegraph writes about seven large European banks.
Last year, they collectively earned more than €3 billion, three times more than in 2021. The profits of Raiffeisen Bank International, UniCredit, ING, Commerzbank, Deutsche Bank, Intesa Sanpaolo and OTP were partly generated by funds that the banks did not withdraw from Russia.
According to a Financial Times analysis, European banks paid about 800 million euros in taxes to Moscow, up from 200 million euros in 2021.
The United States is trying to pressure Raiffeisen Bank International to leave the Russian market. Washington is also imposing sanctions on foreign banks that continue to work with Russians, and this is why Chinese banks are abandoning Russia.