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UniCredit’s Russian bond investments pose sanctions risk, says Italy’s minister

Published 30/07/2025, 15:06
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Investing.com -- Italy’s economy minister warned on Wednesday that UniCredit’s investments in Russian sovereign bonds through its local unit could expose the bank to potential international sanctions.

The minister also defended the Italian government’s decision to impose "golden power" conditions on UniCredit’s bid for Banco BPM, stating it was necessary to protect national interests.

UniCredit abandoned its €15 billion ($17 billion) takeover attempt of smaller rival Banco BPM earlier this month. The bank cited government intervention as the reason for withdrawing from the deal.

The golden power legislation gives the Italian government authority to block or set conditions on foreign investments in companies deemed strategically important to national interests.

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