Tag: Strabag

A recent €2 billion judgment by a Russian court against the shareholders of Austrian construction giant STRABAG, including Raiffeisen Bank International (RBI), has sent shockwaves through financial markets. The ruling, which implicates RBI's Russian subsidiary in a contentious legal dispute with Rasperia, raises significant concerns about the bank's exposure to Russian liabilities amidst ongoing Western sanctions.

In a questionable development exposed by the Financial Times, Raiffeisen Bank International (RBI), Austria's prominent lender, has been actively posting job advertisements for positions in Russia, signaling plans for expansion despite its previous commitments to exit the Russian market following the full-scale invasion of Ukraine in February 2022. This move has stirred significant scrutiny and led to an internal probe ordered by CEO Johann Strobl.

In a bold move, Austria's Raiffeisen Bank International (RBI) finds itself in the eye of a geopolitical storm, entwining profits with politics in a manner that has drawn sharp criticism, especially from the U.S. Austria, with its storied and complex relationship with Russia, has seen its financial institutions, particularly RBI, under the microscope for their Russian connections. In a controversial deal involving Russian billionaire Oleg Deripaska, RBI tries to funnel profits from Russia amidst a thicket of sanctions.

The U.S. government is reportedly pressuring Austria's Raiffeisen Bank International (RBI), the largest Western bank operating in Russia, to abort its planned acquisition of a €1.5 billion industrial stake owned by a Russian tycoon, Oleg Deripaska. This U.S. intervention is poised to thwart one of the most significant Western investments in Russia since the onset of the Ukraine conflict. The RBI has a long history of facilitating global money transfers of Russian oligarchs.