Raiffeisen Was Fined Hundreds of Millions of Euros by the Russians
8 Articles
8 Articles
A Russian court has imposed another fine, this time of 342 million euros, on the Russian subsidiary of Raiffeisen Bank International (RBI) in a legal dispute with a Russian company called Rasperia related to the Strabag construction company.
A Russian court has ordered Raiffeisenbank to pay Rasperia an additional penalty of €342 million as part of a dispute over the Austrian construction concern Strabag
A Russian court has ordered Raiffeisenbank to pay Rasperia an additional penalty of €342 million as part of a dispute over the Austrian construction concern Strabag. This is reported by Reuters with reference to the Austrian banking group Raiffeisen...
The penalty of EUR 342 million is to be paid to the company Rasperia. The penalty is probably related to an injunction obtained by Rasperia.
Further Russian court decision possible on Tuesday. Legal force for Vienna judgment expected for 3.15 billion damages for Thursday.
Raiffeisen, which has been clinging to the Russian market since the beginning of the war in Ukraine, now faces the prospect of losing its entire Russian profit. Its decision to repurchase the Strabag Group's Russian assets, under US pressure, resulted in a hefty fine.
suedtirolnews.it
Salzburger NachrichtenOn Tuesday, a court in Kaliningrad, Russia, granted a lawsuit by the Russian Strabag shareholder Rasperia Trading Limited and sentenced Raiffeisenbank Russia and Austrian Strabag shareholders to pay EUR 342 million. This was said by an RBI spokesman of the APA. Rasperia's claim was based on a claim for damages in Vienna, where a complaint limit of EUR 300 million [...]
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