In alignment with the ECB, RBI is reducing its business in Russia. In parallel with the business reduction, RBI is negotiating about a sale of its Russian subsidiary.  RBI is unable to provide a specific timetable for a potential sale as numerous regulatory approvals are required, incl. approvals of the Russian authorities. This has been stressed during the Annual General Meeting in 2025.

The business reduction in Russia is proceeding according to plan and affects all core banking activities, i.e., lending, deposit business, and payment transactions. Since the start of the war, the lending volume has been reduced by around 66 percent. Raiffeisenbank Russia is not paying interest on customer deposits, which has led to a significant decline in deposits. Payment transactions from Russia have been reduced significantly, are subject to severe restrictions and are in compliance with sanctions and all regulatory requirements.