Raiffeisen Bank International Clarifies Position on Russian Unit Sale

Contrary to recent reports, Raiffeisen Bank International has not halted its plans to sell its Russian subsidiary. The bank's spokesperson, Christoph Danz, explicitly stated to RIA Novosti, "The sale process has not been stopped or frozen."

Behind the Headlines: The Real Reasons for the Delay

Earlier speculations by the Financial Times suggested a pause in sale plans, citing the need to reassess the geopolitical landscape and potential shifts in US policy towards banks operating in Russia. However, Raiffeisen attributes the current impasse to an ongoing court case, which temporarily prevents the sale of its Russian operations.