Italian lender Unicredit more than doubled its profit year on year in 1Q24 in Russia to €213mn in 1Q24, according to Kommersant daily. Unicredit’s net interest income fell by 5.9% to €200mn and net fee and commission income by 4.7% to €44mn, with trading income up 2.4-fold to €34mn in 1Q24. As followed by bne IntelliNews, the European Central Bank is expected to step up pressure on foreign banks to exit Russia, with a binding order for UniCredit and Austrian Raiffeisen Bank International (RBI) to cut back their business in the country. The analysts surveyed by Kommersant note Unicredit’s and R…