The management of the Austrian banking group assures that “since the beginning of the war, the RBI has significantly reduced its activities in Russia.”
Austrian banking group Raiffeisen Bank International (RBI) has decided to abandon a dubious deal with Russian oligarch Oleg Deripaska to buy shares in the construction company Strabag, which would allow the bank to recover its profits. from Russia. This was stated in a message on the RBI website on Wednesday, May 8.
function news4683893() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4683893&lang=2&IsAjax=true’, function (data) { $(‘#nk4683893’).html(data); });
}
news4683893();
“During recent consultations with the relevant authorities, Raiffeisen Bank International (RBI) did not obtain the necessary permission to carry out the planned transaction (acquisition of shares in Strabag SE by the RBI group – ed.). The bank decided to refrain itself. from the transaction for precautionary reasons,” the statement said. .
The RBI noted that “since the outbreak of the war, the RBI has significantly reduced its activities in Russia and taken extensive steps to reduce the risks associated with tightening sanctions and compliance requirements.”
“Regardless of the decision not to proceed with the Strabag SE transaction, the RBI still intends to deconsolidate its Russian subsidiary,” the banking group concluded.
Earlier it was reported that Raiffeisen Bank International found a risky way to reduce the costs of withdrawing their money from Russia. In particular, the bank entered into an agreement with Oleg Deripaska, who is under EU sanctions.
As we already wrote, on February 15, Ukraine announced the suspicion of Russian oligarch Oleg Deripaska and detained two of his top Ukrainian managers who supplied Russia with raw materials for the production of Iskander ballistic missiles.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.