Overview
- ING ended its deal to sell ING Bank (Eurasia) JSC to Global Development JSC after judging the buyer unlikely to secure required approvals.
- ING said it stopped taking new Russian clients in February 2022 and has scaled down operations while separating the Moscow business from its global systems.
- The lender reported an almost 90% drop in offshore exposure to Russian clients to €0.6 billion at year‑end 2025, with about €0.3 billion covered by export credit agencies and political‑risk insurers.
- Sales of Western assets in Russia typically need government sign‑off, a hurdle that has stalled many exits and now blocks ING’s planned divestment.
- ING noted the figures are unaudited and cautioned that forward‑looking statements may change.