FT has learned about the suspension of Raiffeisen's attempts to sell its business in Russia

The Austrian Raiffeisen Bank International (RBI) group has suspended the sale of units in Russia. This was reported on April 18 by the Financial Times newspaper, citing sources familiar with the situation.

It is specified that the decision was made back in February against the background of improving relations between the United States and Russia. However, one of the informants noted that serious efforts to sell the asset in Russia have stopped, although the situation may change.

"This is done in order to assess the situation and find out whether Washington's position may change," the publication says.

The publication also stressed that Raiffeisen, at the same time, continues to comply with the requirements of the European Central Bank (ECB) to wind down its business in Russia, adding "Газета.Ru ".

On February 19, RBI informed Izvestia that the company would not change its plans to reduce business in Russia. They explained that Raiffeisen Bank International had accepted a request from the ECB to significantly reduce its business in Russia until 2026.