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Russian court freezes Raiffeisen shares in local bank, blocking sale

  • A Russian court has frozen shares in Raiffeisen Bank International, blocking its sale and escalating tensions between Moscow and the West.
  • A Raiffeisen spokesperson stated the court's decision rules out a sale but will not affect the bank's operations or the European Central Bank's requests.
  • The freeze is connected to a claim by Russian investment company Rasperia against Strabag and its Austrian shareholders, with Raiffeisen not accused of wrongdoing.
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31 Articles

Lean Left

The Russian oligarch Oleg Deripaska is suing a number of Austrian companies in court in Kaliningrad for damages. However, he wants to get his money via the Raiffeisen Bank International

·Vienna, Austria
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Left

As an interim measure, the Arbitration Court of the Kaliningrad Region established a preliminary ban on the sale of shares in the Russian subsidiary Raiffeisen Bank International (RBI), the banking group reports.

·Riga, Latvia
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Bias Distribution

  • 47% of the sources are Center
47% Center

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ORF.at News broke the news in Vienna, Austria on Thursday, September 5, 2024.
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