European Banking Giant Fights Back: Would Seek Legal Recourse to Recover Frozen Russian Millions
6 Articles
6 Articles
Raiffeisen Bank International (RBI) won a victory in court on Tuesday in the dispute over funds that had been collected in Russia. Vienna's Regional Court of Civil Law granted the bank and its Russian daughter AO Raiffeisen approximately EUR 3.15 billion in damages.
The Bank will receive around EUR 3.15 billion in compensation.
Raiffeisen Bank International (RBI) has won its damages case against Rasperia Trading Limited in Austria after a Vienna court ordered the defendant to pay around €3.15 billion in default judgment. RBI is requesting the release of Austrian assets subject to EU sanctions to enforce the decision.
The Regional Court of Civil Law Vienna awarded EUR 3.15 billion in damages to the bank and its Russian daughter AO Raiffeisen.
Today, at the request of Raiffeisen Bank International AG (RBI) and its Russian subsidiary AO Raiffeisenbank, the Regional Court of Civil Law Vienna issued a default judgment against Rasperia and obliged it to pay damages amounting to approximately EUR 3.15 billion. The ruling on the default judgment was preceded by a consistency check by the competent court, which found the facts to be justified and admissible, as RBI informs. If Rasperia did n…
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