“Italy’s largest bank will limit payments from the Russian Federation: what will change from 2025 Intesa Sanpaolo will stop accepting payments in euros from Russian banks from January 15, 2025. The restrictions will mainly affect corporate customers of the Russian Federation, but there will be exceptions for domestic operations.”, — write on: unn.ua
Transfers UNN with reference to DW.
Details
The Italian bank Intesa Sanpaolo will stop accepting payments in euros from Russian banks. The decision will probably affect mostly Russian corporate clients: these are exporters and importers, companies from the service and industrial production sectors.
It is also indicated that the exception will be commercial transactions between accounts in Intesa Sanpaolo itself.
Reference
Intesa Sanpaolo is an Italian banking group that is a leader in the market of banking services in Italy and one of the largest banking groups in the Eurozone. Bank “Intesa” is a 100% “daughter” of Intesa Sanpaolo.
The restrictions will affect payments in euros, with the exception of commercial transactions between accounts in Intesa Sanpaolo itself, as well as its subsidiaries and banks located in Italy. In connection with future changes, the Italian bank is asked to assess in advance the possible risks of refusing to implement them
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