Germany’s Deutsche Bank to wind down Russia business – The National

Germany’s Deutsche Bank to wind down Russia business – The National

Germany’s largest lender, Deutsche Bank, is in the process of winding down its operations in Russia amid the conflict with Ukraine.

The bank joins other companies that are pulling out of Russia as the country intensifies its attacks in a number of cities in Ukraine.

“Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations,” Deutsche Bank said in a statement posted on its website.