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Austrian Raiffeisen Bank International Gets Under Pressure Due to Russo-Ukrainian War
Its involvement in Russia keeps Raiffeisen Bank International (RBI) and its managers, led by Johann Strobl, very busy. The subsidiary institution in Moscow is RBI's biggest profit earner and almost the entire RBI board is on the Ukrainians' "awaiting sanctions" list. Whether RBI will stay in Russia and how to proceed is still unclear, as the banking group is in a tricky situation.
Despite being accused of supporting the Russian war machine, Raiffeisen Bank remains in a tricky situation in Russia. / Picture: © Wikimedia Commons; salech hcelas, CC BY 3.0 (https://creativecommons.org/licenses/by/3.0/deed.en)
Since the beginning of the Russian-led war against Ukraine in February 2022, it has brought a lot of adversity to the Austrian parent of RBI's Russian subsidiary, Raiffeisen Bank International. The Russian subsidiary is one of the ten largest credit institutions in Russia. However, RBI is also active in Ukraine as one of the few European institutions and has around three million…
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