OREANDA-NEWS The Austrian group Raiffeisen Bank International (RBI) decided to separate the Russian "daughter". The company came to this decision after unsuccessful attempts to sell Raiffeisen, which lasted several months, citing its own sources, Reuters reports.

RBI could not find a buyer for Raiffeisen, as potential investors are afraid of secondary sanctions. After the separation of the Russian "daughter" into a separate company, its securities will be placed on the Vienna stock exchange. At the same time, RBI shareholders will become holders of securities of the new structure and will be able, if desired, to get rid of shares in an organization doing business with Russia.

The Austrian authorities support the separation of Raiffeisen into a separate company. However, the RBI has difficulties with the approval of the deal by the European Central Bank (ECB) and the United States — the latter are checking the bank's ties with Russia and fear that the new structure may be used for money laundering.