Russian court orders Austrian bank Raiffeisen to pay compensation [Yahoo! Finance]
RAIFFEISEN BK IN UNSP/ADR (RAIFY)
NASDAQ:AMEX Investor Relations:
rbinternational.com/ir
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Source: Yahoo! Finance
Raiffeisen Bank International (RBI) said in a statement that the sum -- 339 million euros -- reflected the amount frozen in Vienna and that it would appeal the ruling. In March, RBI had already confirmed that it had to pay more than two billion euros in damages to Rasperia, an investment company. According to Washington and Brussels, Rasperia is linked to the Russian businessman Oleg Deripaska, who has been under Western sanctions since Russia's invasion of Ukraine in 2022. Twenty-four percent of the share capital of the Austrian construction company Strabag, in which RBI is also a shareholder, still belongs to him. But his shares have been frozen, depriving the oligarch of dividends and influence in the company. The legal action in Russia comes as Austria and Russia try to reach an agreement to repatriate their capital. But each decision reached has run up against either the categorical refusal of the US Treasury or that of other EU countries, whose banks left Russia whi
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