Finance
Austria's Raiffeisen completes damages payment to Russia
Published by Global Banking & Finance Review®
Posted on June 5, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 5, 2025
2 min readLast updated: January 23, 2026
Raiffeisen Bank has finalized a €174 million payment to Russia, completing over €2 billion in damages, crucial for selling its Russian subsidiary.
VIENNA (Reuters) -Raiffeisen Bank International said on Thursday that Russia's central bank had debited 174 million euros ($199 million) from the Austrian lender's account to complete the payment of damages imposed by Russia.
The payment of interests, which completes the transfer of the more than 2 billion euros in damages due, has previously been seen as a key step in the struggle for Russian regulatory clearance of Raiffeisen's plans to sell its Russian subsidiary.
Last year, the bank came under intense pressure from the United States as well as European regulators to pare its ties to Russia, something it is in the process of doing.
The lender has been working on a sale of its Russian subsidiary for more than three years since Russia's invasion of Ukraine.
Russia's central bank had previously taken almost 1.9 billion euros from the lender to settle a court dispute in Russia.
Earlier this year, a Russian court awarded more than 2 billion euros of damages against RBI in a dispute that erupted after an unsuccessful attempt to unlock some of the bank's frozen billions in Russia.
($1 = 0.8839 euros)
(Reporting by Alexanda Schwarz-GoerlichWriting by Ludwig BurgerEditing by Miranda Murray)
Raiffeisen Bank International reported that Russia's central bank debited 174 million euros from its account.
The payment completes the transfer of over 2 billion euros in damages due, which was essential for obtaining Russian regulatory clearance.
The bank has faced intense pressure from the United States and European regulators to reduce its ties to Russia.
Raiffeisen has been working on the sale of its Russian subsidiary for more than three years since Russia's invasion of Ukraine.
Earlier this year, a Russian court awarded more than 2 billion euros in damages against Raiffeisen Bank in a dispute related to frozen assets.
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