Vienna is seeking a sanctions waiver to unfreeze Oleg Deripaska-linked shares to compensate Raiffeisen Bank for losses in Russia
Austria’s bid to unfreeze €2 billion ($2.1 billion) in assets linked to sanctioned Russian businessman Oleg Deripaska has triggered a rift in the EU, according to a draft proposal seen by EUobserver.
The plan has drawn fierce opposition from Baltic, Nordic, and some Central European states, including Poland and the Czech Republic, which warn that it would set a “dangerous precedent,” according to the report.
The case centers on an attempt by Raiffeisen Bank International (RBI) to compensate for losses incurred under a…
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