An Austrian bank takes centre stage as the EU pushes new sanctions on Russia.
13 October 2025
The latest EU attempt to slap Moscow with a fresh round of sanctions has stumbled upon an unexpected actor: Raiffeisen Bank International.
Raiffeisen is seeking to offset €2.1 billion in damages imposed by a Russian court. As a solution, Austria has proposed to unfreeze the assets of a sanctioned Russian company.
The plan has proven controversial.
Raiffeisen is seeking to offset €2.1 billion in damages imposed by a Russian court. As a solution, Austria has proposed to unfreeze the assets of a sanctioned Russian company.
The plan has proven controversial.