MKAO Rasperia Trading Limited
3.15-Billion Lawsuit: Expired Deadline Brings RBI Significantly Closer to Frozen Rasperia Assets
In the legal battle over billions between Raiffeisen Bank International (RBI) and Rasperia Trading Limited, a Russian shareholder of STRABAG, the balance of power has shifted in favor of the major Austrian bank. According to sources in the banking industry, Rasperia has allowed a crucial court deadline to pass. Within this deadline, the Russian co-owner would have had to submit a response to the lawsuit for damages in the amount of 3.15 billion euros filed by RBI on July 28, 2026.
Yesterday
Landmark 3.15-Billion Lawsuit: Austrian RBI Sues Russian Rasperia in a Vienna Court
With a record claim of 3.15 billion euros, Raiffeisen Bank International (RBI) is the first European company to invoke Article 11a of the 14th EU sanctions package. The complaint is currently being served in Vienna—the goal is to gain access to frozen Strabag shares.
August 9, 2026
Russian Court of Appeal Confirms Billion-Dollar Fine Against Raiffeisen Subsidiary
A Russian appeals court in St. Petersburg has confirmed the decision of a court of first instance, according to which the Russian subsidiary of Raiffeisen Bank International (RBI), AO Raiffeisenbank, must pay over two billion euros to the Cypriot company Rasperia Trading Limited. However, this could also mean two exemptions at the same time - and one of them in Austria.
April 24, 2025
Raiffeisen Bank International: Profit Slump due to Provisions for Russia
Raiffeisen Bank International's consolidated profit decreased by over 50% in 2024 due to a €840 million provision from a Russian court ruling, which ordered the bank to pay EUR 2 billion in damages.
February 4, 2025
Raiffeisen Bank International Withdraws from Controversial STRABAG Transaction
Raiffeisen Bank International AG (RBI) has announced that it will no longer pursue the planned acquisition of shares in STRABAG SE. This decision was made public in an ad hoc announcement in which the bank stated that it had not received the necessary comfort in discussions with the relevant authorities to proceed with the transaction. RBI therefore decided to refrain from the transaction for reasons of prudence.
May 15, 2024
Russian Oligarch Oleg Deripaska Sells STRABAG Shares to Russian Corporation
The Russian oligarch and major shareholder of STRABAG, Oleg Deripaska, has initiated a sale of his considerable stake in the Austrian construction group to a Russian joint stock company.
December 19, 2023
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