The United States has threatened Raiffeisen Bank International (RBI), a prominent Austrian bank, with sanctions for its business operations in Russia, as reported by EUobserver. This move, following briefings with German lenders, comes as part of the U.S.'s broader strategy, under the December E.O., to apply pressure on the global financial system to prevent the evasion of sanctions against Russia. RBI, which reported a profit of $1.4 billion from its Russian operations last year and employs 9,942 people across 490 retail branches, is a significant player in the region. The threat of sanctions has led to a notable reaction from European Union banks operating in Russia, highlighting the potential implications for the global financial landscape. Following the U.S. visit that highlighted the sanctions tightrope, Raiffeisenbank responded by stating there is no "concrete threat" of sanctions from the United States, a statement that followed reports and concerns raised by EU observers and media.
Raiffeisenbank announced the absence of a "concrete threat" of sanctions from the United States. Apparently the EU Observer story yesterday hit a nerve https://t.co/ix3c7eVEEb
Raiffeisen Tumbles as US Visit Highlights Sanctions Tightrope https://t.co/JxUK01xgo3
US threatens EU bank with sanctions – media Washington has reportedly warned Austria’s banking giant Raiffeisen over its operations in Russia https://t.co/u0Hl5xHSxS https://t.co/nI1ovr4RM9
The US has threatened Austria's top bank, Raiffeisen Bank Intl, with sanctions for doing business in Russia, following briefings w German lenders. RBI made $1.4 billion in profit in Russia last year, where it employed 9,942 people in 490 retail branches. https://t.co/2yvLE15WLE
The effect of the December E.O. The U.S. is using it's most effective tool: putting pressure on the global financial system to stop facilitating Russia’s sanctions evasion. EU banks in Russia react to US sanctions threat https://t.co/vWg8p9WwfP
The US threatened to impose sanctions against Austria's Raiffeisen Bank International for doing business in Russia – EUobserver https://t.co/u7bIK5I3HI