Raiffeisen Bank International faces a critical court ruling in Russia regarding a $2 billion lawsuit that has frozen its local operations, complicating efforts to divest its Russian business amid U.S. and European pressure following the Ukraine war. The bank, which holds significant assets in Russia, intends to appeal the court's decision, while the case stems from a lawsuit by Russian investment firm Rasperia against Raiffeisen and Austrian construction company Strabag. Despite attempts to navigate the situation, including a failed stake purchase in Strabag, the bank's future in Russia remains uncertain as it grapples with sanctions and legal challenges.
