The general meeting of Raiffeisen Bank International (RBI) took place in Vienna today, Thursday – accompanied by loud protests against the bank’s involvement in Russia. In Vienna, among others, the Attac network demonstrated, which is calling for the RBI to exit the Russian market. In Brussels, pro-Ukrainian activists have also called for protests in front of the RBI liaison office not far from the EU institutions.
As reported, the RBI wants to extract 1.5 billion euros in frozen equity capital from Russia by using a convoluted arrangement to buy the Strabag stake of the Russian oligarch Oleg Deripaska. RBI CEO Johann Strobl sees the deal on track: “We continue to believe that such a transaction is permissible and possible. A successful deal would be an interim step with a view to reducing the commitment in Russia.”
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Image: APA/HERBERT NEUBAUER
Source: Nachrichten
