Despite pledges to scale back their operations in Russia following the full-scale invasion of Ukraine, these banks—Raiffeisen Bank International, UniCredit, ING, Commerzbank, Deutsche Bank, Intesa Sanpaolo, and OTP—increased their tax payments. Collectively, these institutions reported profits exceeding 3 billion euros ($3.2 billion) for the year. Read also: Raiffeisen Bank International opts to divest Russian subsidiary “Those profits were three times more than in 2021 and were partly generated by funds that the banks cannot withdraw from the country,” FT notes. The taxes paid by European ban…