Raiffeisen Probed by U.S. Sanctions Authority

PeopleOther ♦ Published: February 18, 2023; 00:29 ♦ (Vindobona)

Raiffeisen Bank International, an Austrian lender that plays a critical role in the Russian economy, is under investigation by the US sanctions authority over its Russia-related business.

There are hard times ahead for Raiffeisen International with its headquarters in Vienna. / Picture: © Raiffeisen Bank International AG / S. Klimpt

Austrian companies continue to do big business in Russia. Raiffeisenbank International, in particular, has often come under international and Ukrainian criticism for its business in Russia, as Vindobona.org reported.