The plan would unfreeze Oleg Deripaska-linked shares to offset billions in damages that Raiffeisen Bank was ordered to pay by a Russian court
The EU is preparing to lift sanctions on assets linked to Russian businessman Oleg Deripaska in order to compensate Austria’s Raiffeisen Bank International (RBI) for losses in Russia, the Financial Times reported on Friday, citing EU officials.
The Austrian lender is among the few foreign banks still operating in Russia despite Western sanctions imposed after the escalation of the Ukraine conflict in 2022. It facilitates euro and dollar transactions and is listed by Russia’s central bank as one of 13…
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