Austrian Companies Remain Strong in Russia
Many Austrian companies are active in Eastern Europe, especially in the Balkans, Ukraine and Russia. Especially in Russia, the activity of Austrian companies has been very successful but is controversial due to the Russian attack on Ukraine. According to research by the Kyiv School of Economics (KSE), almost a year after the start of the Russian invasion of Ukraine, two-thirds of the previously present companies from Austria are still active in Russia.
Raiffeisen Bank is one of the largest Austrian companies that continues to operate in Russia. / Picture: © Wikimedia Commons; salech hcelas, CC BY 3.0 (https://creativecommons.org/licenses/by/3.0/deed.en)
Austrian companies are still very active in Russia even after a year of war in Ukraine and serious sanctions against Putin, the Russian economy and the country. This is again and again controversially discussed and strongly criticized in the part of Ukraine, for example in the case of Raiffeisen Bank International
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