Lawsuit: Russian court again fines RBI subsidiary millions
The fine of €342 million is to be paid to the company Rasperia. The fine is likely linked to an injunction obtained by Rasperia.
A Russian court has ordered Raiffeisen Bank International's (RBI) local subsidiary to pay €342 million to Rasperia, a company linked to sanctioned Russian oligarch Oleg Deripaska. The fine relates to an injunction obtained by Rasperia and comes after RBI was awarded €3.15 billion in damages by a Vienna court in September. RBI says it expects to enforce the Austrian judgment by seizing frozen assets, including 28.5 million Strabag shares and withheld dividends, under an EU regulation allowing companies to enforce claims against frozen assets. The move is part of a long-running dispute sparked by EU sanctions against Deripaska in 2022.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
