Business

Foreign banks still fuel Russian war machine, says Ukrainian think tank

 11.04.2025, 12:20
In 2024, foreign banks recorded net profits of $3.4bn in Russia and paid $1.3bn in taxes. Photo: Matt Cardy/Getty Images
In 2024, foreign banks recorded net profits of $3.4bn in Russia and paid $1.3bn in taxes. Photo: Matt Cardy/Getty Images

The net profits of foreign banks active in Russia grew 15% in 2024, research found.