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6 Mar 2023

Ben, Social Bites,
der Standard

Austria: Foreign Ministry says Raiffeisen bank has to decide independently on future of its operations in Russia, calls its behaviour reasonable


The Austrian Ministry of Foreign Affairs felt that Raiffeisen should make a decision about working in Russia, 6 March 2023

Austrian banking group Raiffeisen Bank International...has to decide independently whether it will continue to operate in Russia in the context of Western restrictive measures. This position expression Austrian Minister for Europe and Foreign Affairs, Alexander Schallenberg, in an interview with Der Standard newspaper.

“St. Gallen University, less than 10% of international companies left the Russian market. This bank...not only operates in Russia, but is also one of the largest financial institutions in Ukraine. Life isn’t black and white. “I am in contact with the RBI, who must ultimately decide how to act here,” said the Austrian Foreign Minister.

Schallenberg described the behavior of the loan structure from February 2022 to date as reasonable. According to him, the bank management watched and waited for the situation, taking into account all the action scenarios...

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