LegislationRU

Order No. 368-rp

Putin's 5 October 2026 order authorising the sale of AO UniCredit Bank.

Order No. 368-rp is the Russian presidential order of 5 October 2026 that clears the sale of AO UniCredit Bank by Italy's UniCredit. It names no buyer and no price.

Last refreshed: 12 October 2026

Timeline for Order No. 368-rp

#28 5 Oct

Authorised the AO UniCredit Bank sale

Russia-Ukraine War 2026: Mentioned in: Putin clears sale of AO UniCredit Bank

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Background

Order No. 368-rp is a Russian presidential order that Vladimir Putin signed on 5 October 2026. It permits a reorganisation of AO UniCredit Bank that spins off a company whose shares go to the bank's sole shareholder, UniCredit S.p.A., and transactions to acquire 100% of the bank's shares from UniCredit. It names no buyer and no price.

The order is a special decision under point 5 of Decree No. 520 of 5 August 2022, which bars deals in key Russian assets held by investors from unfriendly states without the president's permission. Order No. 368-rp states that no other Russian permits or consents are needed.

Because UniCredit counts among the few big Western lenders left in Russia, the order clears one of the larger remaining exits, on the Kremlin's terms.

Common Questions

What does Putin's order on UniCredit's Russian bank allow?

Order No. 368-rp of 5 October 2026 allows a spin-off to the parent and the purchase of 100% of AO UniCredit Bank's shares from UniCredit S.p.A.Source: President of the Russian Federation

Who is buying UniCredit's Russian subsidiary?

The order names no buyer and no price.Source: President of the Russian Federation

Why does a sale of AO UniCredit Bank need Putin's approval?

Decree No. 520 of 2022 bars deals in shares of key Russian companies and banks held by unfriendly-state investors unless the president makes a special decision.Source: President of the Russian Federation

Source Material

Order No. 368-rp of 5 October 2026