NACP adds Raiffeisen to international sponsors of war list

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The National Agency for the Prevention of Corruption (NACP) included the Austrian banking group Raiffeisen Bank International in the list of international sponsors of war for continuing doing business in russia and the recognition of the so-called “DPR” and “LPR” through its representative office in the russian federation.

“The bank took advantage of the sanctions by 200%, which led to the withdrawal of its competitors from the russian market. For example, the bank paid 4.8 times more to the russian budget in 2022 than for the entire pre-war year. The russian division of Raiffeisen Bank paid to the budget of the russian Federation EUR 559m. This is equal to the cost of about 95 Kalibr missiles, with which the terrorist state regularly fires at peaceful Ukrainian cities,” the agency said in a statement.

According to the statement, the National Bank of Ukraine notes the lack of progress on the way of making decisions regarding the bank’s exit from the russian market. In particular, Raiffeisen not only officially recognizes the so-called Donetsk and Luhansk “people’s republics” through its russian representative office, but also provides favorable credit terms to the russian occupiers [credit holidays and soft loans], effectively rewarding the russian military for their war crimes.

“In addition, the bank plays along with russian propaganda, calling the war a “special military operation.” Thus, all these facts and the continuation of operations of Raiffeisen Bank in russia mean direct support and sponsorship of terrorism,” the agency said.

As reported, NACP added METRO to the international sponsors of war list.

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