Raiffeisen Bank International has lost in court an application to overturn a ban on the sale of its Russian subsidiary, complicating plans to exit.
Cristina Petrache
International
Foto shutterstock/ photoeu
Always see our news on Google
Raiffeisen Bank International has announced that the Russian court has rejected its request to overturn a ban on the sale of its local subsidiary, a decision that hampers the bank's efforts to withdraw from Russia. The ban is linked to a lawsuit by Russian company Rasperia, which is seeking compensation of two billion euros. RBI believes the legal proceedings are over, but the court ruled to extend them, complicating the bank's plans to sell 60% of its Russian business amid international pressure to scale back operations in the country.
Sources
Latest News
23:08
The strong storms in Bihor, Sibiu, and Brașov caused major damage, including torn roofs and fallen trees.
22:19
The Ministry of Energy has notified the European Commission about the severe drought affecting the Danube and the operation of the nuclear power plant in Cernavodă.
21:39
MAE, travel advisory for Japan: Typhoon Dolphin will bring strong gusts of wind and heavy precipitation in Okinawa
21:28
The Romanian team defeated Bulgaria 69-51 in the final quarter of the EuroBasket U18. Romania will play in the semifinals against the winner between Greece and Lithuania.
20:59
Volkswagen: Majority shareholders force a rapid restructuring after a sharp decline in Porsche SE's profit.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
