Austria's RBI sees Russian and Ukrainian businesses running normally
Published on: Tuesday 01 February 2022
Raiffeisen Bank International's operations in Russia and Ukraine have not been affected by tensions between the neighbours that have prompted Western sanction threats should Russia intervene militarily, the bank said on Wednesday. The CEO also ruled out a withdrawal from its key market Russia, where it has exposure of 22.85 billion euros ($25.77 billion), including 11.6 billion in loans to customers, 11.5% of the group's total. Russia has massed more than 100,000 troops on the Ukrainian border, fueling concerns in the West that Russian President Vladimir Putin may be planning to invade its neighbour.