European Parliament calls on Austria to pressure Raiffeisen bank to leave Russia

The European Parliament sent a letter on April 25 to Austria’s leaders, urging them to compel Raiffeisen Bank International (RBI) to cease its activities in Russia in compliance with EU sanctions.

The Vienna-based bank group, the largest remaining Western bank in Russia, has been under increasing pressure since the start of the all-out war to scale down its activities in the country.

The European Parliament’s letter, addressed to Austrian Chancellor Karl Nehammer, Finance Minister Magnus Brunner, and Foreign Affairs Minister Alexander…