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Raiffeisen Bank's CEO: Divestment from Russia Beyond Their Control
Financial MarketsRaiffeisen RussiaUpdated 5 hours ago

Raiffeisen Bank's CEO: Divestment from Russia Beyond Their Control

Raiffeisen Bank International's CEO, Johann Strobl, has expressed that the bank's efforts to divest its Russian operations are hindered by factors outside their control. Despite a three-year exploration of exit strategies, the final decision regarding the divestment remains uncertain.

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Divesting Russia Unit Not in Raiffeisen’s Hands: CEO
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Divesting Russia Unit Not in Raiffeisen’s Hands: CEO
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Raiffeisen Bank International's CEO, Johann Strobl, stated that while the bank aims to divest its Russian operations, the final decision is beyond their control. The bank has been exploring options to exit Russia for over three years.
Editor’s Note: This situation highlights the complexities faced by international banks operating in politically sensitive regions. Raiffeisen's struggle to exit Russia reflects broader challenges in the banking sector regarding compliance and ethical considerations.
Read full article
via Bloomberg
Raiffeisen CEO Says Divesting Russia Unit Is ‘Not in Our Hands’
Bloomberg6 hours ago
Raiffeisen CEO Says Divesting Russia Unit Is ‘Not in Our Hands’
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Raiffeisen Bank's CEO Johann Strobl stated that the decision to divest from Russia is not solely in the bank's control, despite their desire to exit the market.
Editor’s Note: This statement highlights the complexities of international business operations, especially in politically sensitive regions like Russia. It raises questions about the challenges companies face when trying to navigate divestment.
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via Bloomberg

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