The Czech Republic has launched an investigation against Raiffeisen Bank International due to its activities in Russia, Czech TV reported on August 29. The Czech Association for the Rights of Citizens and Entrepreneurs filed a complaint against Raiffeisen, accusing it of continuing activities in Russia and sponsoring Moscow’s invasion of Ukraine. Raiffeisen, the largest European bank still operating in Russia, announced its intention to leave the market in February last year but then delayed it to the end of 2023. Raiffeisen CEO Johan Strobl said it is ready to sell its operations but gave no time frame. To read the original story by RFE/RL’s Current Time, click here.
