OREANDA-NEWS No decisions have been made yet on the sale of Russian business by the Italian bank UniCredit, Russian President's Press Secretary Dmitry Peskov said.

The Italian banking group UniCredit plans to sell part of its Russian business to an investor from the UAE and expects a loss of 3.3 billion euros as a result of the deal.

"No decisions have been made yet," Peskov told reporters, when asked if Russian President Vladimir Putin would allow such a deal.

He noted that this is a complex decision-making process.