Austrian Court Grants Raiffeisen €3.2 Billion Win in High-Stakes Battle Over Russian Assets
The ruling clears RBI to pursue blocked Strabag shares and dividends, with the assets expected to total about €3.2 billion, Bloomberg reported.
8 Articles
8 Articles
Austrian Court Grants Raiffeisen €3.2 Billion Win in High-Stakes Battle Over Russian Assets
An Austrian court has ruled in favor of Raiffeisen Bank International (RBI), allowing the institution to secure roughly €3.2 billion ($3.58 billion) in damages from Rasperia Trading. The firm was previously owned by Russian billionaire Oleg Deripaska.
The Vienna Court granted the Raiffeisen Bank International claim for recovery of Russian Rasperia's assets
Raiffeisen Gets Court Sign-Off for €3.2 Billion Russia Windfall
Raiffeisen Bank International AG cleared a key hurdle to receiving a €3.2 billion ($3.6 billion) payout related to its Russian operations, with an Austrian court issuing a final verdict on a damages claim.
Raiffeisen can be compensated for losses in Russia due to frozen assets in Austria.
According to the Landesgericht Wien, Raiffeisen is allowed to access assets worth 3.2 billion euros. Now the RBI needs regulatory approvals.
The Austrian court allowed Raiffeisen Bank International to obtain about 3.2 billion euros from Rasperia Trading's frozen assets linked to... ~ 22.10.2026, PRIM
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
