{"id":9126,"date":"2023-12-16T17:33:37","date_gmt":"2023-12-16T22:33:37","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/austria-backs-eu-sanctions-package-after-raiffeisen-suspended-from-war-sponsor-list\/16\/12\/2023\/"},"modified":"2023-12-16T17:33:37","modified_gmt":"2023-12-16T22:33:37","slug":"austria-backs-eu-sanctions-package-after-raiffeisen-suspended-from-war-sponsor-list","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/austria-backs-eu-sanctions-package-after-raiffeisen-suspended-from-war-sponsor-list\/16\/12\/2023\/","title":{"rendered":"Austria backs EU sanctions package after Raiffeisen suspended from war sponsor list"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<p>Austria <a href=\"https:\/\/www.reuters.com\/world\/europe\/austria-backs-eu-russia-sanctions-after-ukraine-removes-raiffeisen-blacklist-2023-12-16\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:supported;elm:context_link;itc:0\" class=\"link \"><strong>supported<\/strong><\/a> the EU&#8217;s 12th sanction package against Russia after Ukraine suspended the inclusion of the Raiffeisen Bank in the war sponsors list, Reuters reported on Dec. 16, citing an EU diplomat.<\/p>\n<p>Media reports <a href=\"https:\/\/kyivindependent.com\/media-austria-posing-obstacle-to-eus-12th-sanctions-package-against-russia\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:emerged;elm:context_link;itc:0\" class=\"link \"><strong>emerged<\/strong><\/a> ahead of the Dec. 14-15 European Council summit that Vienna is delaying the newest package in an effort to remove the Austrian Raiffeisen Bank International (RBI) from Kyiv&#8217;s blacklist.<\/p>\n<p>Even though EU countries publicly <strong><a href=\"https:\/\/kyivindependent.com\/eu-agrees-to-12th-sanctions-package-against-russia\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:announced;elm:context_link;itc:0\" class=\"link \">announced<\/a><\/strong> the 12th package during the summit, EUObserver wrote that Austria <strong><a href=\"https:\/\/euobserver.com\/world\/157838\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:continues;elm:context_link;itc:0\" class=\"link \">continues<\/a><\/strong> to hold out on account of the RBI.<\/p>\n<p>The website of Ukraine&#8217;s National Agency on Corruption Prevention (NAZK) now <a href=\"https:\/\/sanctions.nazk.gov.ua\/en\/boycott\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:reads;elm:context_link;itc:0\" class=\"link \"><strong>reads<\/strong><\/a> that the inclusion of the RBI in the international sponsors of war list is &#8220;suspended for the period of bilateral consultations involving representatives of the European Commission.&#8221;<\/p>\n<p>&#8220;Austria has now lifted its reserve. Sanctions (against Russia) should now be formally adopted this coming week,&#8221; Radio Free Europe\/Radio Liberty journalist Rikard Jozwiak <strong><a href=\"https:\/\/twitter.com\/RikardJozwiak\/status\/1736097603412971528\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:reported;elm:context_link;itc:0\" class=\"link \">reported<\/a><\/strong>.<\/p>\n<p><a class=\"link \" href=\"https:\/\/kyivindependent.com\/membership\/?utm_source=article-top5pic-monthly&amp;utm_medium=top5-banner\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Join our community Support independent journalism in Ukraine. Join us in this fight. Support Us;elm:context_link;itc:0\"> <\/p>\n<div class=\"shortcodePatreon__content\">\n<p>Join our <span class=\"shortcodePatreon__content_title-underline\">community<\/span><\/p>\n<p>Support independent journalism in Ukraine. Join us in this fight.<\/p>\n<p>Support Us<\/p>\n<\/p><\/div>\n<p>   <\/a><\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 228px\">\n<div>\n<div class=\"caas-img-container caas-img-lightbox caas-img-loader\" style=\"padding-bottom:24%\" data-lightbox-src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/K4U67QE4RW2I.vdwtTwYiQ--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD01Njg-\/https:\/\/media.zenfs.com\/en\/kyiv_independent_articles_496\/14b52f69584b6596ec46a0c118c2b11f\"><span class=\"caas-img-wrapper\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/UFXhUe7c0lYMQzJmtlaRew--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTIyOA--\/https:\/\/media.zenfs.com\/en\/kyiv_independent_articles_496\/14b52f69584b6596ec46a0c118c2b11f\" class=\"caas-img\"\/><button class=\"link caas-lightbox\" aria-label=\"View larger image\" data-ylk=\"sec:image-lightbox;slk:lightbox-open;elm:expand;itc:1\"><span class=\"openArrows icon\"><svg width=\"22\" height=\"22\" viewbox=\"0 0 22 22\"><path d=\"M12.372 0.92C12.372 0.414 12.782 0.004 13.287 0.004L21 0L20.996 7.712C20.996 8.217 20.586 8.628 20.08 8.628C19.574 8.628 19.164 8.217 19.164 7.712V3.183L12.337 10.011L10.988 8.663L17.816 1.835H13.287C12.782 1.835 12.372 1.425 12.372 0.92ZM1.835 17.816L8.663 10.988L10.012 12.337L3.183 19.164H7.712C8.218 19.164 8.627 19.574 8.627 20.08C8.627 20.586 8.218 20.995 7.712 20.995L0 21L0.004 13.287C0.004 12.782 0.414 12.372 0.92 12.372C1.425 12.372 1.835 12.782 1.835 13.287V17.816Z\"\/><\/svg><\/span><\/button><\/span><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<p>Despite the full-scale invasion of Ukraine in February 2022, the RBI, Austria&#8217;s second-largest bank lender, has continued to operate in Russia.<\/p>\n<p>The bank has long-standing ties with Russia and is only one of only two foreign banks classified as &#8220;systemically important&#8221; by the Russian central bank.<\/p>\n<p>Czechia <strong><a href=\"https:\/\/kyivindependent.com\/czechia-investigates-raiffeisen-bank-due-to-its-russia-activities\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:opened;elm:context_link;itc:0\" class=\"link \">opened<\/a><\/strong> an investigation of the RBI in August over its ongoing business activities in Russia after the Czech Association for the Rights of Citizens and Entrepreneurs highlighted that Raiffeisen&#8217;s Russia-based companies had paid up to $720 million from their profits to the Russian state budget in taxes.<\/p>\n<p>The European Central Bank (ECB) <a href=\"https:\/\/kyivindependent.com\/reuters-european-central-bank-pushing-raiffeisen-to-exit-russian-market\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:urged;elm:context_link;itc:0\" class=\"link \"><strong><strong><strong>urged<\/strong><\/strong><\/strong><\/a> Raiffeisen on March 24 to devise an exit strategy for selling or shutting down the group&#8217;s Russia branch of operations.<\/p>\n<p>The bank responded to the criticism by saying that it is reducing its business activity in the country, minimizing &#8220;the RBI Group&#8217;s cross-border exposure to Russia,&#8221; and exploring ways of selling or spinning off its Russian branch, but no further updates have been provided.<\/p>\n<p><b>Read also:<\/b><a href=\"https:\/\/kyivindependent.com\/investigation-italian-company-makes-sure-russian-war-machine-has-the-steel-it-needs\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Investigation: Italian company makes sure Russian war machine has the steel it needs;elm:context_link;itc:0\" class=\"link \"> Investigation: Italian company makes sure Russian war machine has the steel it needs<\/a><\/p>\n<p><b><i>We\u2019ve been working hard to bring you independent, locally-sourced news from Ukraine. Consider <a href=\"https:\/\/kyivindependent.com\/membership\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:supporting the Kyiv Independent;elm:context_link;itc:0\" class=\"link \">supporting the Kyiv Independent<\/a>.<\/i><\/b><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/news.yahoo.com\/media-austria-backs-eu-sanctions-220234825.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Austria supported the EU&rsquo;s 12th sanction package against Russia after Ukraine suspended the inclusion of the Raiffeisen Bank in the war sponsors<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/austria-backs-eu-sanctions-package-after-raiffeisen-suspended-from-war-sponsor-list\/16\/12\/2023\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":14279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/9126"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=9126"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/9126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/14279"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=9126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=9126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=9126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}