Raiffeisens

Austrian Raiffeisen’s entanglement with Russia By Reuters

By Tommy Reggiori Wilkes and John O’Donnell LONDON/VIENNA (Reuters) – A Russian court has frozen Raiffeisen Bank International’s local arm, killing off any prospect of selling the business for now and deepening the standoff between Moscow and the West.  Austrian bank RBI, active in Russia since the end of the…

How Raiffeisen’s bet on Russia took it to the brink By Reuters

By John O’Donnell VIENNA (Reuters) – For more than four months, U.S. 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. In a written ultimatum that landed on May…