Kremlin's Stand on Unfriendly Actions Against Russia
The Kremlin emphasized the consequences of unfriendly actions against Russia. This was in response to a question about Austrian bank Raiffeisen's vulnerability, following a Russian court's order for it to pay 2 billion euros. The court order highlights the risks of doing business in Russia for Raiffeisen Bank International.
- Country:
- Russia
The Kremlin declared on Thursday that any unfriendly actions against Russia should inevitably lead to consequences. This statement came in response to inquiries regarding the potential exposure of Austrian bank Raiffeisen's assets.
The concern followed a Russian court's ruling ordering Raiffeisen to pay a staggering 2 billion euros in damages, a clear testament to the risks faced by Western enterprises operating in Russia.
The ruling, linked to a collapsed deal, underscores the precarious landscape for Raiffeisen Bank International, the largest Western bank yet maintaining operations within Russian borders.
(With inputs from agencies.)
- READ MORE ON:
- Kremlin
- Russia
- Raiffeisen
- Bank
- Assets
- Consequences
- Western
- Deal
- Court
- Vulnerable
Advertisement
ALSO READ
AI skin cancer models built on western data may fail diverse Asian patients
Valladolid Players' Bench Clash: Apologies and Consequences
Enforcement Directorate Snares Khalistani Drug Trafficker's Assets in Haryana
Sri Lanka's Population Surge: Western Province Leads the Pack
Scorching Indian Heatwave: Rising Temperatures Grip Central and Western States
Google News