Russian President Vladimir Putin delivers a speech during a concert dedicated to the 100th birth anniversary of Soviet and Russian poet Rasul Gamzatov at the State Kremlin Palace in Moscow, Russia, September 28, 2023.
Sputnik/Aleksey Nikolskyi/Kremlin via REUTERS/file photo Acquire Licensing RightsMOSCOW, Sept 29 (Reuters) - Russian President Vladimir Putin has signed a decree giving Italian bank Intesa Sanpaolo (ISP.MI) permission to sell or dispose of its assets in Russia, a document posted on a Russian government website showed on Friday.
The latest decree said Moscow was permitting transactions that would lead to the direct or indirect disposal of 100% of Intesa's shares.
It stopped new financing to Russian clients and fresh investments in Russian assets when the conflict broke out.
The green light for Intesa could pave the way for similar approvals for other lenders still entangled in Russia.
Persons:
Vladimir Putin, Rasul Gamzatov, Aleksey Nikolskyi, Putin, Intesa, UniCredit, Maxim Rodionov, Alexander Marrow, Susan Fenton, Mark Potter
Organizations:
Sputnik, REUTERS, Rights, Reuters, Raiffeisen Bank, Thomson
Locations:
Russian, Moscow, Russia, Kremlin, Ukraine