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Ukraine Removes Raiffeisen Bank International from the List of "War Sponsors"
The Ukrainian government has temporarily removed Raiffeisen Bank International (RBI) from the controversial list of "war sponsors". This step follows intensive bilateral talks and consultations with representatives of the European Commission. RBI, which was previously criticized for its business activities in Russia and the recognition of the self-proclaimed Donetsk and Luhansk People's Republics by its Russian subsidiary, is now no longer suspected of supporting the Russian war of aggression.
Ukraine softens criticism of RBI's Russian business after pressure from the Austrian government. RBI is to be removed from the list of "international sponsors of the war". / Picture: © Raiffeisen Bank International AG / S. Klimpt
The decision to "suspend" RBI's status came after reports of pressure from the Austrian government. Insiders claim that the removal of the RBI from the list was a condition of Austria's agreement to new EU sanctions against Russia. However, this has not been officially confirmed. Austrian Chancellor Karl Nehammer rejected a direct link between the removal of the RBI from the list and…
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