Tuesday, July 2, 2024

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Raiffeisen Bank – Raiffeisen’s Russian Profit: Stuck in the Kremlin’s Capital Quicksand

So, this "Austrian" bank, Raiffeisen, decided to make a chunk of its yearly profits in Russia, which sounds like a brilliant business move, right? But, surprise, they can't bring a single penny of it back home. Why? Well, the Kremlin seems to have a thing for blocking capital. It's like...