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Published 14 days ago

Major European Banks Paying Russia More in Taxes Than Before Ukraine Invasion – FT

  • EU-Based banks in Russia experienced increased profits and paid four times more in taxes post-Ukraine conflict, as per the Financial Times.
  • RBI was responsible for over half of the €800 million taxes paid, having the most significant presence in Russia.
  • RBI's profits in Russia more than tripled to €1.8 billion from 2021 to 2023, according to the newspaper.
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