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Austria’s Raiffeisen Bank said on Tuesday that it was replacing job ads that contained “misleading wording” implying the bank was expanding its operations in Russia.
The bank has vowed to reduce its business in Russia following Moscow’s invasion of Ukraine in 2022 but has so far not sold or spun off its Russian unit.
The Financial Times on Tuesday said it had found dozens of posting for Russia-based jobs, touting its growth plans in the country.
One of the job postings said the bank was “looking for a client manager who will attract…