Image: OÖN
Monin’s name had previously been on a sanctions wish list with a total of eleven managers from the Raiffeisen Group, which the state-run Ukrainian “National Agency for the Prevention of Corruption” (NASK) had published.
According to the current Zelenskyj decree, which was directed against a total of 333 top Russian managers, Monin will not be allowed to do business in Ukraine for the next ten years. Furthermore, any assets in the country will be frozen. Since nothing is known about the Ukraine activities of the bank director, who was born in Moscow in 1973, the measure is likely to be of a more symbolic nature.
Apart from a fundamental criticism of Western companies that continue to operate in Russia despite the Russian war of aggression against Ukraine, representatives of Ukraine recently denounced a credit moratorium in particular. Specifically, such an offer was made to Russian soldiers fighting Ukraine. Raiffeisen Bank International (RBI) itself justified this offer with legal obligations in Russia.
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