Investment Banking

Western banks face calls to exit Russia one year on from Ukraine invasion

‘It’s shameful for any of these people to continue to be in Russia,’ according to fund manager and Putin critic Bill Browder

Despite pledges to cut ties with the Kremlin, some lenders still have a presence in Russia
Despite pledges to cut ties with the Kremlin, some lenders still have a presence in Russia Photo: AFP/ via Getty Images

Long-time Kremlin critic and fund manager Bill Browder has called on Western banks to hasten their exit from Russia, a year on from Vladimir Putin’s invasion of Ukraine.

Twelve months into Russia’s war with Ukraine, most large international banks’ operations in the country remain open.

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