Raiffeisen Bank Clients Linked to Russian Military Supply
- Despite pressure from the U.S. and European authorities, the Austrian bank remains operational in Russia, which continues its war against Ukraine.
- Raiffeisen's Russian branch received 62 million rubles ($620,000) from Unichim, a chemical company linked to the sanctioned firm Rawenstvo, which supplies materials for military systems.
- Other clients likely also support Russia's military-industrial complex, according to anonymous officials.
Raiffeisen Bank Faces Scrutiny
Despite pressure from the U.S. and European authorities, the Austrian bank remains operational in Russia, which continues its war against Ukraine. Raiffeisen's Russian branch received 62 million rubles ($620,000) from Unichim, a chemical company linked to the sanctioned firm Rawenstvo, which supplies materials for military systems. Other clients likely also support Russia's military-industrial complex, according to anonymous officials.
Raiffeisen's Profitable Russian Unit Struggles
Raiffeisen's Russian unit, though profitable, faces challenges due to capital controls, preventing it from withdrawing its profits. The unit generated over $1 billion in profit but is subject to Russian law, complicating efforts to exit. The bank's future sale of its Russian operations would be heavily discounted and require a 35% contribution to the Russian state.
WOAH!
Crediio
U.S. Intelligence News
WireKnox
Confessio
YOOO! Digital
RichXAds
Guarded by CERBERUS