Raiffeisen warns ECB plans could derail plan to sell Russian arm

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Austria’s Raiffeisen Bank International said it expected to be ordered by the European Central Bank to speed up its withdrawal from Russia, in a move that could derail talks to sell its highly profitable division in the country.

Raiffeisen, or RBI, which is the western lender with the largest operations in Russia, has come under mounting criticism for not having done enough to scale back its business, following the…