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Echo_Eagle
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DEVELOPING: Russian Bankers Face Crisis Amid War

DEVELOPING: Russian Bankers Face Crisis Amid War

Raiffeisen Bank International AG faces a major crisis. The Austrian lender owns the largest foreign bank in Russia. It cannot get its profits out of the country.

The bank has accumulated billions of dollars in profit. It has been unable to sell its Russian operation. The Kremlin mandates a sale price of half the unit's real value.

Vladimir Putin's war in Ukraine continues. Raiffeisen has been trying to solve this problem for four years. Other banks have already left Russia.

Raiffeisen is still seeking a buyer. The bank has been unable to find one. Further developments are expected.

This is a developing story.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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