The strengthening of the ruble against the euro became a “headache” for Western banks, which decided after the introduction sanctions against Russia liquidate your business in the country. According to the information, companies suffer huge losses.

Some banks found themselves in a “non-standard situation”. Profit is growing against the backdrop of strengthening Russian assets, but it is a difficult task to realize them.

“The rally of the ruble has become another complication in the attempts of banks to leave the country,” writes Bloomberg. — French lender Societe Generale SA confirmed a €3.3bn pre-tax loss from its retreat (from Russia. — Note. ed.)

As the authors of the material emphasized, the problems arose to a greater extent with those banks that “draged out” the liquidation of branches in Russia from the beginning of the special operation in Ukraine.