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EXCLUSIVE-Washington pressures Austria's Raiffeisen to drop Russian tycoon deal, sources say
The US is reportedly pressuring Austria's Raiffeisen Bank International, the largest Western bank in Russia, to drop plans for a $1.6bn deal to buy an industrial stake from a Russian tycoon.
Washington's intervention could derail the largest Western deal in Russia since the Ukraine war.
Raiffeisen is buying the stake from a company linked to Oleg Deripaska, with the deal aimed at unlocking billions of euros trapped in Russia.
13 months ago
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