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Austrian Raiffeisen Bank International has been warned by the US Treasury in writing that its access to the US financial system could be curbed due to its dealings in Russia. The bank paid $400 million in taxes to the Kremlin last year and has been under scrutiny despite promises to minimize its Russian exposure. This warning highlights the increasing pressure on seven top European banks operating in Russia.
Biden Admin threatens Austrian Raiffeisen Bank with sanctions over its business in Russia Raiffeisen Bank paid $400Mn in taxes to Kremlin last year Despite promises to minimize Russian exposure, seven top European banks by assets in Russia — Raiffeisen Bank International,… https://t.co/b0IyVJPrVv
US threatens EU bank for working in Russia – Reuters The US Treasury has threatened to curb Raiffeisen bank’s access to the US financial system over its activity in Russia, Reuters has reported https://t.co/mBXZmkdweH https://t.co/Hfw8Uc8szG
More of this please! Raiffeisen Bank was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings, according to a person who has seen the correspondence. https://t.co/rCxp0eupY4
