ING Scraps Agreement to Sell Its Russian Operations

MarketsING Scraps Agreement to Sell Its Russian OperationsFacebookXLinkedInEmailLinkGiftExpandThe headquarters of ING Groep NV in AmsterdamPhotographer: Lina Selg/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Sarah JacobApril 7, 2026 at 7:53 AM UTCBookmarkSaveING Groep NV has ended an agreement to sell its Russian business, complicating the bank’s protracted retreat from the country.The Netherlands’ largest bank said its planned sale of ING Bank (Eurasia) JSC to Global Development JSC, a Russian company owned by a Moscow-based financial investor, was terminated because there’s “no realistic expectation” that the buyer will obtain necessary approvals, according to a statement on Tuesday.