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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.
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.
Andrei Timchuk
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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
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13:49 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
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