Dutch financial firm ING Group announced on Tuesday that it has finalized an agreement to sell its Russian business to Global Development JSC, a company owned by a Moscow-based investor. Under the terms,

By Mateusz Rabiega and Tommy Reggiori Wilkes LONDON (Reuters) -Dutch bank ING Groep said on Tuesday it had reached an agreement to sell its business in Russia to local company Global Development JSC,

ING Groep NV agreed to sell its Russian business for an undisclosed price and effectively exit the country three years after it invaded Ukraine, resulting in a €700 million ($730 million) hit to profit.