Why this Austrian bank still makes a lot of money in Russia – Economy

Austria is not exactly considered an ally of Russia, even if some of the Alpine republic’s former politicians remain so surprisingly close relationships care there. However, Raiffeisen Bank International (RBI) has been criticized for some time when it comes to the economic ties between the two countries and compliance with the sanctions against Russia since the beginning of the war of aggression. Unlike other European banks, the second largest Austrian bank has still not withdrawn from Russia.

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