{
}
RBI remains resilient despite challenges in Russia, with nearly 6 billion euros in equity tied up there. While the bank is reducing its Russian operations in line with ECB requirements, it continues to generate significant profits from the region, contributing around half of its consolidated profit in early 2024. A legal dispute involving Rasperia, linked to sanctions, poses no direct threat to RBI, which does not hold shares in Strabag but is mentioned in the lawsuit.
A Russian court has ordered Austria's Raiffeisen Bank International to pay a 2 billion euro penalty following the collapse of a deal linked to U.S. sanctions. This ruling underscores Moscow's resolve to retaliate against Western companies, with implications for their operations in Russia. The case highlights the ongoing tensions and risks for businesses maintaining ties with Russia amid increasing diplomatic isolation.
Russia has imposed a multibillion-dollar sanction against Raiffeisen Bank following a court ruling in Kaliningrad, marking a significant blow to the largest Western bank operating in the country. The ruling, which comes amid deteriorating relations between Russia and Austria, serves as a stark warning to Western companies about the risks of doing business in Russia. Raiffeisen, which has substantial assets in Russia, faces increasing pressure and potential asset seizures as Moscow retaliates against Western corporate presence.
A Russian court has ordered Austrian bank Raiffeisen International to pay €2 billion in damages for a failed deal, marking a significant escalation in tensions between Russia and the West. The ruling, seen as a warning to Western companies, follows the collapse of a transaction involving a Russian-held stake in an Austrian automaker due to U.S. sanctions. This decision highlights the deteriorating relations between Russia and Austria, as well as the increasing risks for businesses operating in Russia amid ongoing geopolitical conflicts.
The Vienna Stock Exchange saw the ATX index drop 0.71% to 3,774.20 points amid rising uncertainty over US trade policies and disappointing economic expectations from Germany. Raiffeisen shares fell 4.5% due to a court ruling requiring a significant provision, while other banking stocks showed mixed results. Telekom Austria's recommendation was upgraded despite a slight target price reduction, and DO&CO's shares remained stable with a confirmed "buy" rating.
The Kaliningrad Regional Arbitration Court has ordered Raiffeisen Bank to pay €2 billion ($2.1 billion) in damages to Rasperia Trading Limited, a company linked to Russian tycoon Oleg Deripaska. Despite the ruling, Raiffeisen Bank plans to appeal and asserts that the decision will not impact its financial stability. The lawsuit has raised concerns over legal violations during the proceedings, including the presence of armed individuals in balaclavas in the courtroom.
Raiffeisen Bank International AG faces a significant financial setback following a Russian court ruling that may impose over €2 billion in damages on its Russian subsidiary. The case involves Rasperia Trading, linked to sanctioned billionaire Oleg Deripaska, and construction firm Strabag SE. CEO Johann Strobl plans to appeal the ruling, asserting that Raiffeisenbank Russia has been wrongly implicated. Analysts estimate the bank may need to set aside at least €400 million as it navigates legal challenges while attempting to exit the Russian market, where it holds €4.45 billion in excess capital hindered by local controls.
Raiffeisen Bank International (RBI) faces a €2 billion court ruling in Russia against its subsidiary, Raiffeisenbank, linked to a dispute involving construction group Strabag and its Russian co-owner, Rasperia. The bank plans to appeal the decision and pursue legal action in Austria to mitigate losses, as the ownership of Strabag shares held by Rasperia remains frozen due to EU sanctions. The ongoing legal battle highlights the complexities and risks of doing business in Russia post-invasion of Ukraine.
A Russian court has ordered Raiffeisen Bank International to pay over €2 billion in compensation, highlighting the risks for Western companies operating in Russia. The bank plans to appeal the decision and allocate reserves to cover the loss, while its ongoing presence in Russia reflects complex ties between Moscow and Austria amid global sanctions. Despite intentions to separate from its Russian operations, Raiffeisen continues to play a significant role in the region's financial landscape.
The Vienna Stock Exchange opened lower on Tuesday, with the ATX down 0.41% to 3,785.79 points, amid a focus on U.S. President Trump's recent policy actions. Raiffeisen shares fell 4.6% due to a Russian court ruling requiring a significant provision, while Telekom Austria and DO&CO experienced slight declines and gains, respectively.
STRABAG SE
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
RBI remains resilient amid Russian court dispute and ongoing sanctions
16:51 22.01.2025
Russian court imposes two billion euro penalty on Raiffeisen Bank
Euro
Raiffeisen Bank International AG
STRABAG SE
USA
RUS
UKR
AUT
Donald Trump
Oleg Deripaska
Helmut Brandstaetter
Show more
15:54 21.01.2025
Russia imposes sanctions on Raiffeisen amid escalating tensions with the West
Euro
PepsiCo, Inc.
Procter & Gamble Co
Mondelez International, Inc.
Raiffeisen Bank International AG
Carlsberg A/S
STRABAG SE
Danone S.A.
UniCredit S.p.A.
USA
RUS
AUT
Donald Trump
Oleg Deripaska
Helmut Brandstaetter
Show more
15:54 21.01.2025
Russia imposes two billion euro fine on Austrian bank Raiffeisen International
Euro
PepsiCo, Inc.
Procter & Gamble Co
Mondelez International, Inc.
Carlsberg A/S
STRABAG SE
Danone S.A.
UniCredit S.p.A.
USA
RUS
AUT
Donald Trump
Oleg Deripaska
Helmut Brandstaetter
Show more
15:54 21.01.2025
Vienna Stock Exchange declines amid trade policy uncertainty and Raiffeisen losses
Euro
voestalpine AG
Wienerberger AG
Telekom Austria AG
Erste Group Bank AG
Raiffeisen Bank International AG
STRABAG SE
BAWAG Group AG
DEU
RUS
AUT
Nora Nagy
Show more
14:28 21.01.2025
russian court fines raiffeisen bank two billion dollars amid legal disputes
Euro
Raiffeisen Bank International AG
RAIFFEISEN-HOLDING NIEDERÖSTERREICH- WIEN eG
STRABAG SE
RUS
UKR
AUT
Andrei Timchuk
Oleg Deripaska
Show more
13:49 21.01.2025
Raiffeisen faces financial setback from Russian court ruling on damages
12:10 21.01.2025
Raiffeisen Bank faces costly legal battle over Strabag shares in Russia
Euro
Raiffeisen Bank International AG
RAIFFEISEN-HOLDING NIEDERÖSTERREICH- WIEN eG
STRABAG SE
NLD
RUS
AUT
Oleg Deripaska
Show more
10:43 21.01.2025
Raiffeisen Bank faces €2 billion ruling amid ongoing operations in Russia
Euro
Raiffeisen Bank International AG
STRABAG SE
RUS
UKR
AUT
Andrei Timchuk
Oleg Deripaska
Show more
10:25 21.01.2025
Vienna Stock Exchange Declines as Raiffeisen Shares Face Significant Pressure
10:00 21.01.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Banking Regulations
Financial Scams and Security
Global Financial Events
Market Analysis and Predictions
Hedge Funds & Private Equity
Retail and Consumer Goods
Workplace Trends
CEO Changes
Supply Chain Management
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Cryptocurrency Trends
Real Estate Investments
Venture Capital Investments
Crypto Adoption and Integration
Countries:
Companies:
JPMorgan Chase & Co.
Barclays PLC
Bank of America Corporation
The Goldman Sachs Group, Inc.
Citigroup Inc.
Geode Capital Management LLC
Tesla, Inc.
Morgan Stanley
The Charles Schwab Corporation
Wells Fargo & Company
Charles Schwab Investment Management Inc.
State Street Corporation
Credit Suisse Real Estate Fund Siat
Broadcom Inc.
Deutsche Bank Aktiengesellschaft
Lloyds Banking Group plc
UBS Group AG
FMR LLC
Procter & Gamble Co
Banco Santander, S.A.
Currencies:
United States Dollar
British Pound Sterling
Swiss Franc
Euro
United Arab Emirates Dirham
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Offshore Chinese Yuan
Azerbaijani Manat
New Taiwan Dollar
Saudi Riyal
Singapore Dollar
People: