Your hands are drenched in the blood of Ukrainians, Raiffeisen Bank. What a disgrace to humanity.
#Raiffeisen International brought billions to Russia shortly before the war began.
Shortly before the outbreak of the Ukraine war, the #RBI transported tons of cash to Russia. Some shipments presumably reached Moscow on the day of the invasion.
#Raiffeisen #Bank International subsidiary still invested in sanctioned russian entities, find BankTrack and B4Ukraine
#Austrian banking group’s russian asset manager holds mutual funds with investments in sberbank, gazprom, government bonds
According to rumors, István #Tiborcz, one of the richest men in Hungary, is interested in buying the Russia subsidiary of the Austrian #Raiffeisen Bank International (RBI).
He is also the son-in-law of Prime Minister Viktor Orbán.
Vienna-based #Raiffeisen Bank International AG has been making money from firms supplying Vladimir Putin’s military, according to documents seen by Bloomberg, as the Russian army grinds forward in Ukraine.
A Russian court awarded more than 2 billion euros ($2.1 billion) of damages against the biggest Western bank in Russia, Austria's #Raiffeisen Bank International, in a landmark ruling underscoring the perils of doing business in Russia.
#Russia-exposed stocks rallied from #Turkey to eastern Europe as Donald #Trump’s election victory prompted investors to position for moves toward a resolution of the war in #Ukraine despite massive remaining obstacles.
Shares in Vienna-based #Raiffeisen Bank International AG jumped as much as 10% Wednesday. #Hungary’s OTP Bank Nyrt., which also has Russian operations, touched back-to-back record highs in the past two sessions
#profil #Podcast #NichtZuFassen, Season #Putin, Ep.9:
https://www.profil.at/podcasts/nicht-zu-fassen-putin
Von ca. 130 Firmen aus #Österreich haben sich ca. 30 zurückgezogen. Der Rest verdient mit Russland noch etliche Milliarden, die allerdings beim Putin bleiben müssen. Die #Wirtschaftskammer will von nichts etwas wissen.
Ich weiß ja nicht, wie's dir geht aber ich dachte schon, dass wegen #Krieg & #Sanktionen fast alle Firmen aus Russland abgezogen sind. 
#Raiffeisen Bank International AG said a court in #Russia ordered shares of its unit there to be frozen — further complicating efforts to sell it and deepening the fallout from an abandoned plan to bring capital out of the country.
Raiffeisen Bank International's (RBI) net profit in russia in 1H24 rose 2.8% year on year to €705mn, with the russian business accounting for half of #Raiffeisen group's profit, the bank said on June 30.
RBI is under heavy regulatory. pressure to come up with an exit plan from russia
Raiffeisen’s bet on russia takes it to the brink
For more than four months, US envoys delivered increasingly shrill warnings to Austria’s #Raiffeisen #Bank International to scrap a deal they said had links to one of russia’s most powerful oligarchs. In May, Washington’s patience snapped.
https://www.euractiv.com/section/global-europe/news/raiffeisens-bet-on-russia-takes-it-to-the-brink/
#Raiffeisen Bank International was warned by the #US Treasury in writing that its access to the U.S. financial system could be curbed because of its #Russia dealings, according to a person who has seen the correspondence.
While the deal linked to Oleg #Deripaska was ditched by Raiffeisen days after the letter arrived, the source said that the U.S. Treasury's concerns over the Austrian bank's business in Russia remain.
#Raiffeisen Bank International AG canceled a complex share deal aimed at bringing capital out of #Russia after scrutiny by regulators.
The planned transaction would have allowed the Austrian lender to repatriate about €1.5 billion ($1.6 billion) of retained profits from its Russian unit. It involved the purchase of shares in an Austrian construction company that were previously held by sanctioned businessman Oleg #Deripaska.
Austrian authorities have urged #Raiffeisen (RBI) to drop a deal linked to a Russian oligarch fearing a backlash from the United States.
Two years after Russia's full-scale invasion of #Ukraine, RBI's continued presence in #Russia underlines the ties between #Moscow and #Vienna - whether via Russian gas pipelines or Vienna serving as a hub for cash from Russia and former Soviet states.
The largest western banks that remain in #Russia paid the #Kremlin more than €800mn of taxes last year, a fourfold increase on prewar levels, despite promises to minimise their Russian exposure after the full-scale invasion of #Ukraine.
The seven top European banks by assets in Russia — #Raiffeisen Bank International, #UniCredit, #ING, #Commerzbank, Deutsche Bank, Intesa Sanpaolo and OTP — reported a combined profit of more than €3bn in 2023.
https://www.ft.com/content/cd6c28e2-d327-4c2a-a023-098ca43eacfb
The European Parliament sent a letter on April 25 to #Austria's leaders, urging them to compel #Raiffeisen Bank International (RBI) to cease its activities in #Russia in compliance with #EU sanctions.
The #Vienna-based bank group, the largest remaining Western bank in Russia, has been under increasing pressure since the start of the all-out war to scale down its activities in the country.
#Raiffeisen Bank International AG’s protracted effort to sell its Russian unit suffered another setback after the European Central Bank indicated it plans to order significant cuts to the business.
The ECB’s pressure may dash any hopes by Raiffeisen to exit its Russian business with money in hand. The subsidiary accounted for about half of Raiffeisen’s pre-tax profit last year.
#Austria's #Raiffeisen Bank said on Tuesday that it was replacing job ads that contained "misleading wording" implying the bank was expanding its operations in #Russia.
The bank has vowed to reduce its business in Russia following #Moscow's invasion of #Ukraine in 2022 but has so far not sold or spun off its Russian unit.
The Financial Times on Tuesday said it had found dozens of posting for Russia-based jobs, touting its growth plans in the country.
https://www.barrons.com/news/austria-s-raiffeisen-bank-replaces-misleading-russia-job-ads-ec3c7deb
#Washington is tightening the screws on the last remaining banks in #Europe still doing business with #Russia.
The Treasury's top sanctions enforcement official, Acting Assistant Secretary Anna #Morris, met in #Vienna on Friday with Austrian officials and representatives of #Raiffeisen Bank International to explain the bank risks being shut out of the #US financial system if it doesn't distance itself more clearly from Russia's war economy.
https://www.politico.eu/article/us-austria-raiffeisen-bank-russia-war-ukraine
#Ukraine has refused to remove #Raiffeisen Bank International from a "sponsors of war" blacklist, challenging the biggest Western bank in russia to sever its ties to moscow.
In a letter sent to Raiffeisen earlier this month, which was seen by Reuters, Ukrainian officials questioned what the bank was doing to leave russia, saying much of its plans were vague and incomplete.
Seems like blackmail is the name of the game.
"#Austria has given its approval to a 12th package of #EU sanctions on #Russia after #Ukraine removed #Raiffeisen Bank International (RBIV.VI) from a blacklist, Ukraine's government website and an EU diplomat said on Saturday.
The blacklist has no legal standing, but it is symbolically important, reinforcing public pressure on Raiffeisen to leave Russia."
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