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Newsletter: Vienna International News
Flow-Through Capital Despite Sanctions: Russian Investments in Austria Continue to Flow

While international tensions and the war in Ukraine, which has been going on for more than two years, are putting a heavy strain on relations between Russia and the West, Austria remains a remarkably robust magnet for Russian investment. Contrary to expectations that the extensive international sanctions against Russia would curb capital flows, the latest data from the Austrian Ministry of Economic Affairs' investment control report shows a different reality: Russian investments in Austria rose by 14% to EUR 25.5 billion in the first half of 2022.


Raiffeisen Bank International Expects ECB Call to Accelerate Withdrawals from Russia

Raiffeisen Bank International (RBI) is facing increasing pressure from the European Central Bank (ECB) to reduce its business activities in Russia more rapidly. This follows a number of developments and the publication of an ad hoc announcement by the bank in which it is expected that the ECB will make an official request to accelerate the wind-down measures in the near future.

UNODC Launches Global Initiative to Combat Human Trafficking and Smuggling of Migrants
At a time of global challenges such as war, large-scale migration and refugee flows, increasing cybercrime, climate change, and the COVID-19 pandemic, human trafficking and migrant smuggling have become a multi-billion dollar business. The UN Office on Drugs and Crime (UNODC) in Vienna has presented a new global initiative to combat these problems.
