After much criticism from shareholders, Austria's Raiffeisen Bank is now considering how it can leave Russia.
It would need to sell its banking arm in Moscow, which provided the parent company with profits of 2.2 billion US dollars in 2022. That's 60% of the earnings of the entire Raiffesen group according to the Financial Times.
But it's having a hard time getting that money out, as Stuart Smith reports.
It would need to sell its banking arm in Moscow, which provided the parent company with profits of 2.2 billion US dollars in 2022. That's 60% of the earnings of the entire Raiffesen group according to the Financial Times.
But it's having a hard time getting that money out, as Stuart Smith reports.
IN: "Raiffeisen..."
OUT: SOC
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