Photo: EPA

Russian court overturns interim measures that effectively banned Austrian bank Raiffeisen Bank International (RBI) to sell its subsidiary in Russia – Raiffeisen Bank About writes Reuters cited Anastasia Taradankina, a lawyer for the bank's Russian subsidiary, as saying.

The court's decision may help RBI finally find a way to exit the Russian market, which the bank has been working on for more than three years since Russia launched a full-scale war in Ukraine.

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However, the main challenge remains finding a buyer that is not subject to sanctions. In addition, banks have to undergo additional regulatory checks, including personal approval of any transaction by the Russian president Vladimir Putin.

In September 2024, the sale of RBI's Russian subsidiary RBI's Russian subsidiary was complicated after a Russian court froze its shares.

In addition, in January 2025, the bank was obliged to pay 2 billion euros in compensation, which caused RBI to suffer first quarterly loss in nine years – $926 million.

But in February 2025, the RBI decided to suspend the sale processas Russia and the United States began to resume political interaction.

Officially, the RBI said that the sale process is ongoing, but the court case actually blocked any transactions.