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.

March 20, 2024
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