February 5, 2025
The Russian daughter Raiffeisenbank works with companies related to the MIC of the Russian Federation - Bloomberg thumbnail
Ukraine News Today

The Russian daughter Raiffeisenbank works with companies related to the MIC of the Russian Federation – Bloomberg

European officials who have read reporting claim that the Bank “almost certainly” has other clients who provide the Russian defense industry”, – WRITE: www.radiosvoboda.org

For 2024, the Russian Raiffeisenbank, a subsidiary of the Austrian Banking Group Raiffeisen Bank International (RBI), received more than 62 million rubles from the chemical company “Unihim”, which supplies its products to the enterprise of the military-industrial complex of Russia. Bloomberg writes about it with reference to the bank’s financial statements.

According to the Union site, it is the largest manufacturer of inorganic chemical reagents and substances in Russia. According to journalists, the company has delivered its products to Ravenhood, which is under sanctions and develops devices of “ship-electronic arms and equipment for the Navy and the FSB of the FSB of Russia”.

Bloomberg was not commented at the Bloomberg Bank.

European officials who have familiarized reporting that the Bank “almost certainly” has other clients who provide the Russian defense industry.

In the first ten months of 2024, RBI received more than a billion euros of net income from its Russian unit, which made almost 50% of the whole group. It is also more than twice the earnings of the Russian unit two years before the start of a full -scale invasion of Russia into Ukraine. During the nine months, the bank paid Russia 277 million euros of taxes.

RBI has been trying to find a way to leave Russia for three years – the European Central Bank insists on this. Last spring, it was reported that the bank will start the procedure for leaving the Russian market in the third quarter of 2024.

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