Dozens of companies in industries from airlines to retailers, media to hospitality have pulled out of Russia since its invasion of Ukraine.
In early 2017, Deutsche Bank was hit with more than $600 million in penalties over a $10 billion Russian money-laundering scheme that involved its New York, Moscow and London branches.
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Deutsche Bank Reverses Course on Russia, Says It Is Unwinding Business There After Ukraine InvasionThe development comes a day after its chief financial officer said it wasn’t “practical” to shutter the unit.
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Deutsche Bank to wind down Russia business: live updatesUkraine says 'zero progress' in talks, pushes back at Putin: live updates. There is a lot going on out there so check here for the latest news on how the conflict is affecting markets, businesses and the economy. — via financialpost finance
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Deutsche Bank rebuked over remaining in Russia as others quitDeutsche Bank faced stinging criticism from some investors and politicians on Friday for its ongoing ties to Russia after saying that leaving would go against its values, as other banks cut off links with the country.
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Deutsche Bank winding down Russia businessDeutsche Bank has joined JPMorgan Chase and Goldman Sachs in winding down its business in Russia following the country's invasion of Ukraine.
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US slashes Russia trade status, bans imports of Russian alcohol, seafoodThe U.S. will dramatically downgrade its trade status with Russia, raising tariffs on some products and banning imports of Russian seafood, alcohol and diamonds.
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Russia-Ukraine live updates: UK sanctions Chelsea FC owner, other Russian oligarchsPeople in Budapest, Hungary, held candles and sang at a vigil calling for an end to the conflict in Ukraine.
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