Austria's Raiffeisen Bank International Confronted with U.S. Pressure to Divest from Russia

Raiffeisen Bank International faced U.S. pressure to cancel a deal linked to Russian oligarch Deripaska, ultimately complying after a threatening letter. The bank's strategy in Russia remains under scrutiny, with ongoing international pressure to withdraw. Despite denials from Deripaska and Raiffeisen's efforts to reduce Russian exposure, Washington continues to monitor the bank for potential violations, heightening tensions in the financial sector amid global sanctions against Russia.