Raiffeisen Bank eyes exit from Russia amid Western pressure ...News

The lender has warned that its likely departure will cause a decline in profit Austrian banking group Raiffeisen, one of the last major Western lenders in Russia, announced on Thursday it was considering selling its business in the sanctioned country amid mounting pressure from the US and EU. Raiffeisen plays a crucial role in the Russian economy, providing a lifeline for euro payments to and from the country. It’s one of only two foreign banks on the Russian Central Bank’s list of 13 systemically important credit institutions, the other being Italy’s UniCredit. Speaking at the bank’s annual general meeting, CEO J

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