VIENNA, March 2 (Reuters) – Austria’s finance ministry on Thursday played down concerns about U.S. sanctions officials scrutinising Raiffeisen Bank International (RBIV.VI) over its Russia business. Raiffeisen shares fell sharply last month after the company received a request for information from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to "clarify payments business and related processes maintained by RBI in light of the recent developments related to Russia and Ukraine". Advertisement · Scroll to continue "The inquiry from the U.S. sanctions authority is a normal process that gives no cause for concern, because sanctions authorities naturally keep informing themselves about Austrian companies doing business in Russia," Austria’s finance ministry told Reuters in a statement. Register for free to Reuters and know the full story Raiffeisen is deeply embedded in the Russian financial system and is one of only two foreign banks on the Russian central bank’s list of 13 "systemically important credit institutions", underscoring its importance to Russia’s economy which is grappling with sweeping Western sanctions. Latest Updates S&P 500, Nasdaq fall as yields rally on hot labor market data US labor market remains tight; Q4 labor costs revised higher Elon Musk’s ‘Master Plan’ for Tesla fails […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
