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     The Banker

     Raiffeisen ceases all outgoing dollar payments from Russia due to US pressure

     2 weeks ago

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     Reuters on MSN.com

     European banks leaving Russia would hurt Western and Russian companies, Kremlin says

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     devdiscourse

     European Banks Exit Russia: A Double-Edged Sword

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2. www.reuters.com › markets › europeExclusive: ECB pressures Austria's Raiffeisen bank to quit Russia

   www.reuters.com › markets › europe

   Mar 24, 2023 · The European Central Bank is pressing Austria's Raiffeisen Bank International to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters.

   • Exclusive: Raiffeisen delays quitting Russia as Austria ...

     Raiffeisen Bank International is delaying plans to leave...

   • Exclusive: Austria blocks Russian sanctions over Raiffeisen ...

     Austria is seeking to have Raiffeisen Bank International,...

3. www.reuters.com › business › financeExclusive: Raiffeisen delays quitting Russia as Austria ...

   www.reuters.com › business › finance

   Jul 6, 2023 · Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its defence of long-standing ties with Moscow.

4. www.reuters.com › markets › europeExclusive: Austria blocks Russian sanctions over Raiffeisen ...

   www.reuters.com › markets › europe

   Dec 14, 2023 · Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia,...

5. www.ft.com › content › 1d12528b-f264-4b88-baf0-f4bRaiffeisen has been a rogue operator in Russia for too long

   www.ft.com › content › 1d12528b-f264-4b88-baf0-f4b

   • Cached

   May 13, 2024 · Raiffeisen has been a rogue operator in Russia for too long. Austrian bank continues to make big profits in the country after Putin’s invasion of Ukraine. Patrick Jenkins. Add to myFT. A...

6. www.ft.com › content › 1cea1f08-83ac-4471-9fa4-1How Austria’s Raiffeisen got stuck in Russia — while making ...

   www.ft.com › content › 1cea1f08-83ac-4471-9fa4-1

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   Feb 26, 2023 · For years, Austria’s Raiffeisen Bank vaunted its staying power in Russia as western rivals came and went. “Russia,” Raiffeisen’s former chief executive Herbert Stepic liked to say, “separates the...

7. www.ft.com › content › 96824956/8865/4e6a-91a6-866c6US Treasury threatens Austria’s Raiffeisen Bank over Russia unit

   www.ft.com › content › 96824956/8865/4e6a-91a6-866c6

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   May 15, 2024 · US Treasury threatens Austria’s Raiffeisen Bank over Russia unit. Bank ditched asset-swap plan connected to oligarch Oleg Deripaska after letter warning of potential secondary sanctions. A...

8. People also ask

   Will Raiffeisen Bank unwind its business in Russia?

   • The European Central Bank is pressing Austria's Raiffeisen Bank International to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters.

   Exclusive: ECB pressures Austria's Raiffeisen bank to quit

   www.reuters.com/markets/europe/ecb-pressures-austrias-raiffeisen-bank-quit-russia-sources-2023-03-23/

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   Is Raiffeisen a Russian bank?

   • Unlike sanctioned Russian banks, Raiffeisen remains part of the Swift network which links banks around the world. The bank does not disclose a detailed breakdown of its money transfer operations, and declined to comment on the extent to which this part of its Russian business had been booming.

   Raiffeisen has been a rogue operator in Russia for too long

   www.ft.com/content/1d12528b-f264-4b88-baf0-f4b718aa36f7

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   Where is Raiffeisen Bank located?

   • A branch of Raiffeisen Bank in Moscow, Russia. Among western banks, the Vienna-based lender has the largest operations in the country © Yuri Kochetkov/EPA-EFE/Shutterstock

   US Treasury threatens Austria’s Raiffeisen Bank over Russia unit

   www.ft.com/content/96824956-8865-4e6a-91a6-866c6b3fc66c

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   Is Raiffeisen expanding in Russia?

   • According to the person who read the correspondence, Adeyemo’s letter also raised concerns about reports of Raiffeisen’s expansion in Russia. The bank posted 2,400 job ads between December and mid-April, many of which state the bank was looking to grow in the country.

   US Treasury threatens Austria’s Raiffeisen Bank over Russia unit

   www.ft.com/content/96824956-8865-4e6a-91a6-866c6b3fc66c

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   Will Raiffeisen sever ties with Russia's largest bank?

   • However, Raiffeisen has been reluctant to sever ties completely with an operation that is the largest foreign-owned bank in Russia, and which generated some 60 percent of its profit last year (those profits remain locked in Russia by capital controls).

   US presses Austria’s Raiffeisen to quit Russia – POLITICO

   www.politico.eu/article/us-austria-raiffeisen-bank-russia-war-ukraine/

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   Is Raiffeisen Bank International at risk?

   • Washington has warned Raiffeisen Bank International the lender is at risk of having its access to the US financial system curtailed because of its operations in Russia, said a person with direct knowledge of the correspondence.

   US Treasury threatens Austria’s Raiffeisen Bank over Russia unit

   www.ft.com/content/96824956-8865-4e6a-91a6-866c6b3fc66c

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9. www.politico.eu › article › us-austria-raiffeisenUS presses Austria’s Raiffeisen to quit Russia – POLITICO

   www.politico.eu › article › us-austria-raiffeisen

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   Mar 11, 2024 · US presses Austria’s Raiffeisen to quit Russia. Treasury’s OFAC enforcer talks softly and brandishes a giant stick in Europe. Raiffeisen says it has significantly run down its operations in Russia since Moscow's invasion of Ukraine two years ago | Yuri Kochetkov/EFE via EPA.