Austrian banking group Raiffeisen Bank International (RBI) has to decide independently whether it will continue to operate in Russia in the context of Western restrictive measures. This position expression Austrian Minister for Europe and Foreign Affairs, Alexander Schallenberg, in an interview with Der Standard newspaper.
“St. Gallen University, less than 10% of international companies left the Russian market. This bank (RBI) not only operates in Russia, but is also one of the largest financial institutions in Ukraine. Life isn’t black and white. “I am in contact with the RBI, who must ultimately decide how to act here,” said the Austrian Foreign Minister.
Schallenberg described the behavior of the loan structure from February 2022 to date as reasonable. According to him, the bank management watched and waited for the situation, taking into account all the action scenarios.
Reuters in the second half of February WroteThe U.S. Treasury has launched an investigation into the RBI for its work in Russia.
October 26 President Vladimir Putin approved decision to prohibit transactions with shares of 45 banks without the appropriate consent of the country’s leadership.