Foreign banks will be able to reconsider their decision to leave Russia

Foreign banks remain interested in doing business in Russia, Anatoly Aksakov, head of the State Duma Committee on Financial Market, told Izvestia. This position was expressed by the players at a closed meeting of deputies with representatives of European business, which was held in April.

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"All foreign financiers participating in the meeting expressed interest in working in the Russian market," Aksakov emphasized.

With the normalization of Russia's relations with the West, representatives of foreign business may begin to return to the Russian market, the deputy said.

Before the aggravation of the Ukrainian conflict in February 2022, several "subsidiaries" of foreign banks operated in Russia. The largest of them were Raiffeisenbank (Austria), Rosbank (France), Unicredit Bank (Italy), Citibank(USA), Home Bank (Czech Republic) and OTP Bank (Hungary).

A number of players continue to operate in our country. Among them are Raiffeisenbank and Unicredit Bank, which are still included in the list of systemically important credit organizations formed by the Central Bank. At the same time, they have not once officially announced plans to leave Russia, but it is a complicated process.

Read more in the exclusive material of Izvestia:

Forward to the past: foreign banks may reconsider the decision to leave Russia