Tag: Raiffeisen Bank
-
Exclusive: Raiffeisen Bank will not be sanctioned, but recital urges banks to divest from Russia
The Maltese Herald can confirm that Raiffeisen Bank will not be sanctioned in the EU’s upcoming 19th sanctions package against Russia, but recitals will once again urge banks and companies to divest their business from Russia. Austria will also not receive a derogation to exempt Raiffeisen Bank from doing business in Russia. Austria is pressing…
-
Austria fights for preferential treatment over Raiffeisen Bank
Austria is fighting fore preferential treatment in the upcoming 19th sanctions package against Russia by the EU over its Raiffeisen Bank. According to the Financial Times the bank is following Russian law and Russian Courts in order to claw-back frozen assets under its custody which were owned by sanctioned Russian individuals. The complex procedure involves…
-
UPDATED: Google acknowledges vexatious claims by Alkagesta and Raiffeisen Bank
UPDATED: Google has contacted us and informed us that they are in the process of restoring our links. We would like to thank Google for their swift cooperation. Alkagesta, along with its banker, Raiffeisen Bank are currently submitting vexatious copyright claims to Google to bring down our articles about them from Google searches. They are…
-
Kronospan’s contradictory statements when it allegedly divested from Russia: today it is run by a Ukrainian
Following the publication of ECCM Bank’s right of reply to my story about its parent company Kronospan, its company representative stated to me that Kronospan divested from all of its assets in Belarus and Russia in August 2022. I challenged him about this statement because Kronospan’s statement published in April 2023 only says “separation” and…
-
Austria: Russia’s quiet friend in the heart of Europe
Austria has reaped great dividends during Russia’s war on Ukraine by historically having a good relationship with Vladimir Putin. Austria has been allowed an exception by the EU to keep buying gas from Gazprom as of very recently and the biggest Western bank operating in Russia right now is Austrian. Raiffeisen Bank is now having…
-
UPDATED: Kronospan states it divested all its assets from Russia and Belarus in 2023 and operates in Ukraine with 900 employees
UPDATED: Earlier today, I received a Right of Reply from ECCM Bank. You can read the right of reply in full. I also received a very threatening letter by Patrick J Galea, an associate professor from the University of Malta, on behalf of the bank to take down the article. You can read the letter…
