Finance
Raiffeisen Russia court case to continue on Jan. 20
Published by Global Banking & Finance Review®
Posted on December 25, 2024
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 25, 2024
2 min readLast updated: January 27, 2026
Raiffeisen Bank's Russia court case continues Jan. 20, involving a $2 billion claim by Rasperia. The case complicates RBI's business amid US and EU sanctions.
(Reuters) - A Russian court case involving a compensation claim against Austria's Raiffeisen Bank International (RBI) will continue in the second half of January, judicial authorities and the lender said on Wednesday.
A hearing was held on Dec. 25 - which is not Christmas Day under the calendar used by the Russian Orthodox Church - but no verdict was reached and the case will continue on Jan. 20, an RBI spokesperson said.
A court official confirmed the date to Reuters by phone.
RBI, one of the biggest Western banks in Russia, has been under pressure from authorities in the United States and Europe to spin off its Russian business following the Ukraine war, part of an effort to isolate Russia with sanctions.
But the Russian court's decision to freeze RBI's local business rules out a sale and makes it all but impossible for the bank to unlock its billions in Russia.
RBI tried earlier this year to unlock some of its frozen assets by buying a roughly $1.6 billion stake in Austrian builder Strabag linked to Russian tycoon Oleg Deripaska.
The U.S. pressured RBI to drop the deal and the collapse of that sale also led to the current Russian legal action.
The court case centres on a claim by Russian investment company Rasperia against Strabag, its Austrian shareholders and RBI's Russian arm. Rasperia wants $2 billion in compensation.
(Reporting by Alexandra Schwarz-Goerlich in Vienna and Gleb Bryanski in Moscow; editing by Barbara Lewis)
The main topic is Raiffeisen Bank's ongoing court case in Russia involving a compensation claim by Rasperia.
Raiffeisen Bank is under pressure from US and EU authorities to divest its Russian operations due to sanctions.
The compensation claim involves a $2 billion lawsuit by Rasperia against Strabag, its Austrian shareholders, and RBI's Russian arm.
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