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16 Dec 2023


Austria backs EU sanctions on Russia after Ukraine suspends status of Raiffeisen Bank as intl. sponsor of war

Austria backs EU Russia sanctions after Ukraine removes Raiffeisen from blacklist, 16 December 2023

Austria has given its approval to a 12th package of EU sanctions on Russia after Ukraine removed Raiffeisen Bank International from a blacklist, Ukraine's government website and an EU diplomat said...

Austria had been pushing to remove the bank from a Ukrainian list dubbed "international sponsors of war" - which sets out to shame companies doing business in Russia and supporting the war effort by, for instance, paying taxes.

"Austria’s sanctions reservation is lifted,” an EU diplomat said...

“The status is suspended for the period of bilateral consultations involving representatives of the European Commission,” the Ukrainian government website said on Raiffeisen's status on Saturday...