Austria’s Raiffeisen Bank International (RBIV.VI), opens new tab said on Tuesday it would further decrease its extensive business in Russia in agreement with the European Central Bank.
The bank has been under pressure from authorities on both sides of the Atlantic to reduce its footprint in the country following the war with Ukraine.
“RBI will drastically reduce Raiffeisenbank Russia’s business even further in conformity with ECB requirements,” the bank said as part of its quarterly earnings announcement.
Source: REUTER
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