
Raiffeisen Bank International (RBI) has been under scrutiny for its ongoing operations in Russia despite previous commitments to exit the market. Recent reports revealed that RBI posted over 2,400 job advertisements in Russia since December 2023, signaling plans for expansion. This move has attracted attention from European regulators, with expectations that the European Central Bank (ECB) will soon mandate RBI to accelerate its withdrawal from Russia, and replace misleading job postings. The ECB's anticipated directive is part of a broader effort to reduce European financial presence in Russia, affecting other banks like Italy's UniCredit, which is also expected to downscale its Russian operations under ECB's pressure.









⚡️Italy's UniCredit bank is expecting an order from the European Central Bank (ECB) to reduce its business activities in Russia, Reuters reported on April 19, citing sources. https://t.co/cQSA5iAZaV
Major bank says EU trying to force it out of Russia Raiffeisen says it expects to be asked by the EU Central Bank to further reduce operations in the sanctioned country https://t.co/yA9DSovJYt https://t.co/Ka20DUa3LK
The ECB is set to order UniCredit to pare back its Russia business https://t.co/Izh9YlnMBU https://t.co/NqQMxhvRQf