this post was submitted on 25 Oct 2023
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Austria's Raiffeisenbank is defying international sanctions and maintaining its foothold in Russia (www.leasinglife.com)
submitted 2 years ago by 0x815@feddit.de to c/europe@feddit.de
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Raiffeisenbank Bank International (RBI), Austria’s second-largest bank and asset finance provider across Central and Eastern Europe, has postponed its exit from the Russian market, even as it faces mounting pressure from European regulators and the US government.

Being the largest Western banking institution operating in Russia, RBI plays a crucial role by offering vital financial services to numerous companies within the nation.

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[–] Jaysyn@kbin.social 9 points 2 years ago

The EU must apply as much pressure as required to end this practice.