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The latest attempt in Brussels to slap Moscow with a fresh round of sanctions and force Vladimir Putin into a ceasefire in Ukraine has stumbled upon an unexpected actor: Raiffeisen Bank International (RBI).
Austria's second-largest bank and one of eastern Europe's lending powerhouses is on the lips of diplomats as they contemplate, with deep scepticism, a contentious plan to compensate the corporation, which still operates a successful subsidiary in Russia despite a widespread exodus of Western businesses from the country.
At the end of the second quarter of 2025, Raiffeisenbank Russia had equity of more than €5.3 billion and served 3 million customers, according to official data.
But in January, the subsidiary took a hit when a Russian court ruled it had to pay more than €2 billion in damages to Rasperia Trading, a Russian inv
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