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A Russian court has imposed over €2 billion ($2.1 billion) in damages on Raiffeisen Bank International, marking a significant ruling against a Western bank operating in Russia. The case highlights the risks associated with doing business in the country, with Raiffeisen's lawyers alleging intimidation tactics used by the court. This ruling represents one of the largest damage awards against a Western company in Russia to date.
Russia will suspend gas deliveries to Austria starting Saturday, marking the end of its last significant gas flows to Europe via Ukraine. This decision follows a contractual dispute between Gazprom and Austria's OMV, with Austria prepared for the cut-off, ensuring sufficient gas storage for winter. The move reflects Russia's diminishing role in European energy supplies, as countries seek alternative sources amid ongoing geopolitical tensions.
Francois Murphy
People
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Russian court orders over 2 billion euros in damages against Raiffeisen Bank
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11:31 21.01.2025
Russia to suspend gas supplies to Austria amid ongoing energy crisis
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00:46 16.11.2024
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