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
23:12
Florin Manole: “The discussion about the minimum wage must begin in the coming weeks / On January 1, 2027, the minimum wage will be what it is currently, 4,325 gross”
22:53
Alexandru Rogobete promises a new payment mechanism for doctors’ shifts. Residents will also be paid
22:53
Sever Voinescu: Playing at Sovereignty
22:25
The Minister of Labour announces that he is preparing the indexation of pensions: “We will submit to the Ministry of Finance and the prime minister the proposal to comply with the law, because after two years it is no longer bearable for pensioners”
22:06
Dan Neculăescu, discussions with his French counterpart Jean-Noël Barrot about security in the Black Sea
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
