Russia’s Central Bank has imposed restrictions on Italian individuals and legal entities holding accounts at the Russian branches of UniCredit and Intesa. This was reported by Bloomberg on Friday, citing sources.
According to him, the Central Bank has sent letters stating that Italian individuals and legal entities with accounts in the Russian subsidiaries of UniCredit and Intesa cannot withdraw funds without the permission of the “local government”. Sources also said that Italian companies and citizens will be banned from opening new accounts.
According to the agency, the Central Bank has also limited the amount of money transfers, including consular transactions, to accounts over 100,000 euros, but an exception will be made for Italian citizens with a residence permit in Russia.
According to the agency, representatives of the Central Bank, UniCredit and Intesa have not yet commented on the message.
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