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

     Regulatory burden on foreign banks still operating in Russia is about to get harder as the US ramps up secondary sanctions

     The Banker

     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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2. www.thebanker.com › Raiffeisen-ceases-all-outgoingRaiffeisen ceases all outgoing dollar payments from Russia ...

   www.thebanker.com › Raiffeisen-ceases-all-outgoing

   Jun 14, 2024 · Raiffeisen Bank International, one of the largest western banks still operating in Russia, has suspended all outgoing payments in US dollars from the country, following warnings that it could be “shut out” of the US financial system.

3. www.economist.com › finance-and-economics › 2024European banks are making heady profits in Russia - The Economist

   www.economist.com › finance-and-economics › 2024

   Jun 6, 2024 · Raiffeisen is one of a dozen lenders that Russia deems “systemically” important to its economy. The bank also matters to the Kremlin’s own finances, since it paid the equivalent of half a...

4. www.themoscowtimes.com › 2024/05/29 › raiffeisensRaiffeisen’s Russian Division to End Outgoing U.S. Dollar ...

   www.themoscowtimes.com › 2024/05/29 › raiffeisens

   • Cached

   May 29, 2024 · The Russian division of Austria’s Raiffeisen Bank will stop processing outgoing payments in U.S. dollars starting on June 10, the bank announced Wednesday, citing “changed requirements of...

5. www.pravda.com.ua › eng › newsRaiffeisen Bank to bar Russians from transferring dollars ...

   www.pravda.com.ua › eng › news

   • Cached

   May 29, 2024 · Raiffeisen Bank's Russian business announced that payments in dollars will no longer be available to Russians from June 10 due to changes in the regulations of correspondent banks that make transfers.

6. www.usnews.com › news › worldEuropean Banks Leaving Russia Would Hurt Western and Russian ...

   www.usnews.com › news › world

   • Cached

   1 day ago · With most major Russian banks under Western sanctions over Russia's February 2022 full-scale invasion of Ukraine, foreign banks including Austria's Raiffeisen Bank International and Italy's ...

7. tr.im › finance › raiffeisenbank-to-cease-outgoingRaiffeisenbank to Cease Outgoing Dollar Payments from June 2024

   tr.im › finance › raiffeisenbank-to-cease-outgoing

   • Cached

   May 29, 2024 · Raiffeisenbank, Russia's subsidiary of Austria's Raiffeisen Bank International, will stop processing outgoing US dollar payments starting June 10, 2024, due to changed correspondent bank requirements.

8. People also ask

   Is Raiffeisen the biggest bank in Russia?

   • Raiffeisen is the biggest Western bank in Russia, but not the only one. The combined profits of the five EU banks with the largest Russian operations have tripled, reaching nearly €3bn in 2023. Success makes the banks a target. In May America threatened to curb Raiffeisen’s access to its financial system because of the bank’s Russian dealings.

   European banks are making heady profits in Russia - The Economist

   www.economist.com/finance-and-economics/2024/06/06/european-banks-are-making-heady-profits-in-russia

   See all results for this question

   Why is Raiffeisen important to Russia?

   • Raiffeisen is one of a dozen lenders that Russia deems “systemically” important to its economy. The bank also matters to the Kremlin’s own finances, since it paid the equivalent of half a billion dollars in tax last year. Raiffeisen is the biggest Western bank in Russia, but not the only one.

   European banks are making heady profits in Russia - The Economist

   www.economist.com/finance-and-economics/2024/06/06/european-banks-are-making-heady-profits-in-russia

   See all results for this question

   Does Raiffeisen still operate in Russia?

   • The announcement by Raiffeisen’s Russian subsidiary follows months of pressure and numerous warnings from US Treasury officials and European banking authorities about the potential risks the Austrian bank runs by continuing to operate in Russia where it is the largest foreign bank in terms of total assets.

   Raiffeisen ceases all outgoing dollar payments from Russia due to US

   www.thebanker.com/Raiffeisen-ceases-all-outgoing-dollar-payments-from-Russia-due-to-US-pressure-1718382861

   See all results for this question

   Is Raiffeisen bank'shut out' of US financial system?

   • Raiffeisen Bank International, one of the largest western banks still operating in Russia, has suspended all outgoing payments in US dollars from the country, following warnings that it could be “shut out” of the US financial system.

   Raiffeisen ceases all outgoing dollar payments from Russia due to US

   www.thebanker.com/Raiffeisen-ceases-all-outgoing-dollar-payments-from-Russia-due-to-US-pressure-1718382861

   See all results for this question

   Is Raiffeisen a good bank?

   • Its staff has grown to nearly 10,000, a 7% rise since 2022. Last year its profit reached €1.8bn ($2bn)—more than any of the bank’s other subsidiaries and a tripling since 2021. Raiffeisen is one of a dozen lenders that Russia deems “systemically” important to its economy.

   European banks are making heady profits in Russia - The Economist

   www.economist.com/finance-and-economics/2024/06/06/european-banks-are-making-heady-profits-in-russia

   See all results for this question

   How much money did Raiffeisen Bank International make in 2021?

   • Raiffeisen Bank International saw its Russian profits more than triple to 1.8 billion euros ($1.95 billion) between 2021 and 2023, a figure that accounted for half of the bank’s total profit during that period.

   Raiffeisen’s Russian Division to End Outgoing U.S. Dollar Payments

   www.themoscowtimes.com/2024/05/29/raiffeisens-russian-division-to-end-outgoing-us-dollar-payments-a85251

   See all results for this question

9. www.marketscreener.com › quote › stockRaiffeisen's Russian unit says outgoing dollar payments to ...

   www.marketscreener.com › quote › stock

   • Cached

   May 29, 2024 · May 29 (Reuters) - The Russian subsidiary of Austria's Raiffeisen Bank International on Wednesday said outgoing payments in U.S. dollars would no longer be available from June 10, due to changing requirements from correspondent banks.