NAPC suspended the status of an international war sponsor for the Austrian Raiffeisen Bank.
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Vienna threatened to block new European sanctions against Russia until their bank was removed from this “black list”. Therefore, the status of this Austrian financial institution was suspended for the period of bilateral consultations involving representatives of the European Commission. The National Agency for the Prevention of Corruption reported this on its website on December 17.
As is known, Raiffeisen Bank was the only Austrian company on the NAZK list. This blacklist has no legal force but is symbolically important as it increases public pressure on Raiffeisen to exit the Russian market.
Let us remind you that Reuters reported that Austria is blocking the signing of a new package of EU sanctions against Russia, as it demands the exclusion of Raiffeisen Bank International from the Ukrainian list of “International War Sponsors” from the NACP.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.