Austria 's Raiffeisen Bank International , the biggest Western bank in Russia , is unable to provide a timeframe for its contested deal to purchase a stake in Austria 's Strabag due to sanctions on a Russia n tycoon.
The bank's CEO stated that the deal should be completed as soon as possible. This is the latest development in RBI's efforts to unlock its stranded billions in Russia. U.S. Treasury officials have expressed concerns about the transaction.
Source: Education Headlines (educationheadlines.net)
Austria Raiffeisen Bank International Russia Strabag Sanctions Russian Tycoon Deal CEO RBI U.S. Treasury Transaction
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