Browsing: Austria

Austria’s Raiffeisen Bank International, the biggest foreign lender in Russia, risks “being cut off from the US financial system” if it is found to have helped fund Russia’s military, according to the US Treasury  Department, as cited by Reuters.

Shares in Raiffeisen Bank International (RBI) rallied around 12% on Wednesday shortly after the banking group announced plans for its Russian unit to purchase a stake in Austrian construction giant, Strabag.

Chancellor Karl Nehammer mistakenly used a picture featuring the Russian currency in his party’s PR campaign Austrian Chancellor Karl Nehammer…