Economy

Title: Italian Bank "Intesa Sanpaolo" Closes Office in Moscow

Title: Italian Bank

A spokesperson for the Italian bank "Intesa Sanpaolo" announced today, Wednesday, that "the largest bank in Italy has decided to close its representative office in Moscow," confirming a report from the newspaper "Il Messaggero." He explained that the office closure does not impact "Intesa Sanpaolo's" ongoing operations in Russia, but he mentioned that the bank continues to mitigate risks it may face in the country. "Il Messaggero" reported that the decision to close the office will take effect within a few months, describing the closure as a largely symbolic and historical step.

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