Ukraine declares Raiffeisen Bank international sponsor of war

23 March, 09:08 PM
Raiffeisen Bank remains active in the Russian market (Photo:REUTERS/Leonhard Foeger)

Raiffeisen Bank remains active in the Russian market (Photo:REUTERS/Leonhard Foeger)

Ukraine’s National Agency on Corruption Prevention (NACP) has declared Raiffeisen Bank International an international sponsor of war – over its continued operations in Russia, the agency reported on March 23.

“Some well-known banks probably hope that if they continue to work in Moscow, the terrorist state will take huge loans from them to pay reparations to Ukraine,” NACP said in a Telegram post.

“NACP has put the Austrian banking group Raiffeisen Bank International on the list of international sponsors of war over the continuation of the bank’s work in Russia and the official recognition of the so-called ‘DPR’ and ‘LPR’ through its representative office in the Russian Federation.”

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According to NACP, the bank contributed almost five times more funds to the Russian budget in 2022 against 2021, namely EUR 559 million, which is “equal to the cost of about 95 Kalibr missiles.”

Meanwhile, the National Bank of Ukraine sees no signs of Raiffeisen preparing to leave the Russian market.

Earlier, NACP included the following companies in the list of international sponsors of war: Procter&Gamble, OpenWay Group, Danieli, TMS Tankers Ltd., Minerva Marine Inc., Thenamaris Ships Management, Delta Tankers Ltd., Dynacom Tankers Management Ltd., Leroy Merlin, ComNav Technology, Mondi Group/Mondi PLC, eKassir, Liberian International Ship & Corporate Registry, Bonduelle, Auchan Holding, and Metro Cash&Carry.

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