Exclusive: Pressure mounts on Ukraine to scrap 'sponsors of war' blacklist [Reuters]
RAIFFEISEN BK IN UNSP/ADR (RAIFY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
companies doing business with Russia, after a backlash from countries including China and France, two people familiar with the matter said. The blacklist has no legal standing, but has been an embarrassment for around 50 major companies singled out for operating in Russia and helping the Kremlin's war in Ukraine by, for instance, paying taxes. The demise of the name-and-shame campaign, if it happens, would be indicative of how Kyiv may have to soften its stance as it becomes harder to maintain global support for its war effort more than two years into the full-scale invasion. "It's China, but not only China," said one person with direct knowledge of the matter, also alluding to pressure from France to remove retailer Auchan and Leroy Merlin, a home improvement and gardening retailer, from the list. Beijing, a major consumer of Ukrainian grain, demanded in February that Kyiv remove 14 Chinese companies from the list to "eliminate negative impacts". Though China is seen as an
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