The Russian subsidiary of Raiffeisenbank International (RBI) was sentenced to compensation of billion dollars in favor of the Russian Strabag shareholder Rasperia in St. Petersburg. The bank now defends itself – in Austria.
Raiffeisenbank International (RBI) is against a judgment dedicated to the Russian Strabag shareholder Rasperia for paying EUR 2,044 billion. But no longer in Russia, where all professions were rejected.
The starting point is now the Vienna Commercial Court. There will soon be a counterclaim for a good two billion euros against Rasperia Austria. The RBI takes the wrongly convicted conviction in St. Petersburg as an opportunity to repair the damage incurred in Austria. This was preceded by a lawsuit by Rasperia in 2024.
The Russian society, which was previously attributed to Oleg Deripaska in the past, complained because it lost control of the once 32 percent participation in Strabag in Strabag in the course of the EU sanctions. The Russian Raiffeisenbank was the target here because it is 100 percent of RBI and Strabag shareholder Raiffeisen LOWER Austria-Venen in turn 25 percent of RBI.
Much of the punishment, 1.87 billion euros, was paid by the Raiffeisen account to the Russian Bank (CBR) to Raiffeisen account at the Raiffeisen account near the Russian Central Bank (CBR). The interest payment of 174 million euros is still being processed.
Profit of 21 percent interest
The RBI daughter has deposited his liquid funds at the CBR. Due to the high profits of recent years (which may not be transferred to Europe), these are huge amounts – more than 6 billion euros. Now only 2 billion euros less. Interesting: the interest of the CBR is 21 percent due to high inflation. Part of the fine payment is indirectly from interest income.
If the Raiffeisen -right bank is right, the frozen 28.5 million pieces of Strabag and shares of the Rasperia (stock market value 2.36 billion euros) are auctioned. In addition, there are 400 million euros in cash (for example, retained dividends), which can then flow to the RBI. Lawyers see good opportunities to get at least a part back.
RBI Managing Director Johann Strobl is also convinced that it can be obtained from an independent and impartial court in this country, because “only” 870 million euros has been added in the group balance of the Raiffeisenbank International.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
