Austria's Role in EU Sanctions on Russia: A Closer Look

1 min read
Source: Reuters
Austria's Role in EU Sanctions on Russia: A Closer Look
Photo: Reuters
TL;DR Summary

Austria has given its approval to the 12th package of EU sanctions on Russia after Ukraine removed Raiffeisen Bank International from a blacklist of companies doing business in Russia and supporting the war effort. The removal of Raiffeisen from the blacklist was a condition set by Austria for signing off on the latest EU sanctions package against Russia. Raiffeisen had previously expressed its willingness to quit Russia but has yet to do so.

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