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Austria’s Raiffeisen expects ECB to order acceleration of its Russia exit https://t.co/Es1iaRw2pT
"Raiffeisen Bank International AG (RBI) expects the ECB to issue a request for an acceleration of the business reduction in Russia" I get the politics of this but I still think it's a terrible idea bc we know how it will end: massive transfer of wealth to a Russian oligarch.
⚡️Austria's Raiffeisen Bank replaces 'misleading' Russia job postings. Raiffeisen Bank in Austria announced its decision on April 16 to replace job advertisements that featured "misleading language," suggesting an expansion of the bank's operations in Russia.…
Austria's Raiffeisen Bank International (RBI) has been in the spotlight for posting dozens of job advertisements in Russia that suggested plans for expansion, contradicting its earlier commitment to exit the Russian market. Following scrutiny, the bank announced on April 16 that it would replace these advertisements due to their misleading language. Additionally, RBI is expected to face pressure from the European Central Bank (ECB) to accelerate its business reduction in Russia. The issue was highlighted by journalists @xtophercook, @EuanHealy, @OwenWalker0, and Sam Jones.
