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Raiffeisen Bank International

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international-relations2 years ago•1 min saved

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

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.

via Reuters|

#austria #eu-sanctions #international-relations

international-relations2 years ago•3 min saved

Austria's Opposition to Russian Sanctions Puts EU's Unity at Risk

Austria is reportedly seeking to have Raiffeisen Bank International, the largest Western bank in Russia, removed from a Ukrainian blacklist in exchange for supporting fresh European Union sanctions on Russia. The move highlights Austria's strong economic ties with Russia and its reluctance to sever decades-old relations. While Austria publicly supports Ukraine, officials are hesitant to completely isolate Moscow, believing that relations can still be restored. Raiffeisen's presence in Russia has become a test of Western resolve to end ties with Russia, with the bank facing pressure to quit the country.

via Reuters|

#austria #international-relations #raiffeisen-bank-international