this post was submitted on 25 Oct 2023
100 points (98.1% liked)

Europe

8484 readers
2 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

founded 2 years ago
MODERATORS
poVoq@slrpnk.net
100
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
8 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] tryptaminev@feddit.de 4 points 2 years ago

I am all for keeping diplomatic channels open and especially trying to reintegrate Russia post war and post Putin. But in the case of Austria the direct influence on politics and the government is a critical problem, as it is undermining the country and the EU as a whole.