05.08.2025, 18:47
The cassation granted Raiffeisenbank's request to lift the arrest of its shares.
Source: OREANDA-NEWS
OREANDA-NEWS The Arbitration Court of the North-Western District granted Raiffeisenbank's request to lift the seizure of its shares, according to the file of arbitration cases.
"The Arbitration Court of the North-Western District has lifted the seizure of Raiffeisenbank shares, imposed in September 2024 by the Arbitration Court of the Kaliningrad Region," Anastasia Taradankina, partner at the Delcredere Bar Association, told Interfax.
"At the last hearing, the court was provided with documents on the full execution of the court decision. Accordingly, all grounds for maintaining the measures have ceased in any case," she said.
She recalled that in April-July 2025, the Bank of Russia forcibly wrote off about 2.1 billion euros from Raiffeisenbank's accounts in repayment of claims.
Raiffeisen Bank International AG (RBI) said it continues to work on the sale of Raiffeisenbank.
"Indeed, the ban on the transfer of assets was lifted by a decision of the Russian court. This removes only one of the obstacles to the sale of the Russian division, although others remain, such as obtaining permission from Russian regulatory authorities. We have been continuously working on the sale throughout the entire period of the ban and continue to work on it now, after it has been lifted," the RBI press service told Interfax.
On September 4, 2024, the Arbitration Court of the Kaliningrad Region issued a ban on the alienation of Raiffeisenbank shares as a preliminary interim measure against the claim of Rasperia Trading Limited (before redomicialization in Russia - Rasperia Trading Ltd). In January 2025, the court decided to recover 2.044 billion euros from Strabag and its main shareholders in favor of Rasperia. These funds were obtained through the forced withdrawal of Raiffeisenbank's assets. The court ordered the bank to pay this amount and in return accept Strabag shares in an equivalent amount (28.5 million shares) on the balance sheet.
The RBI expected that the ban on the disposal of Raiffeisenbank shares, introduced as an interim measure, would be lifted after receiving a "Refund" of losses and accrued interest on them. The interim measures deprived RBI of the opportunity to implement its plans and get rid of its stake in the Russian subsidiary.
The deal, which was upset due to sanctions restrictions and risks, stipulated that Rasperia would sell 27.78% of Strabag SE's capital to Russian Raiffeisenbank for 1.51 billion euros. After the purchase of the package, Raiffeisenbank planned to transfer Strabag shares to the parent RBI in the form of dividends. Later, the Austrian bank rejected the deal, explaining that during contacts with the authorities she was unable to obtain the necessary approval for it.
"The Arbitration Court of the North-Western District has lifted the seizure of Raiffeisenbank shares, imposed in September 2024 by the Arbitration Court of the Kaliningrad Region," Anastasia Taradankina, partner at the Delcredere Bar Association, told Interfax.
"At the last hearing, the court was provided with documents on the full execution of the court decision. Accordingly, all grounds for maintaining the measures have ceased in any case," she said.
She recalled that in April-July 2025, the Bank of Russia forcibly wrote off about 2.1 billion euros from Raiffeisenbank's accounts in repayment of claims.
Raiffeisen Bank International AG (RBI) said it continues to work on the sale of Raiffeisenbank.
"Indeed, the ban on the transfer of assets was lifted by a decision of the Russian court. This removes only one of the obstacles to the sale of the Russian division, although others remain, such as obtaining permission from Russian regulatory authorities. We have been continuously working on the sale throughout the entire period of the ban and continue to work on it now, after it has been lifted," the RBI press service told Interfax.
On September 4, 2024, the Arbitration Court of the Kaliningrad Region issued a ban on the alienation of Raiffeisenbank shares as a preliminary interim measure against the claim of Rasperia Trading Limited (before redomicialization in Russia - Rasperia Trading Ltd). In January 2025, the court decided to recover 2.044 billion euros from Strabag and its main shareholders in favor of Rasperia. These funds were obtained through the forced withdrawal of Raiffeisenbank's assets. The court ordered the bank to pay this amount and in return accept Strabag shares in an equivalent amount (28.5 million shares) on the balance sheet.
The RBI expected that the ban on the disposal of Raiffeisenbank shares, introduced as an interim measure, would be lifted after receiving a "Refund" of losses and accrued interest on them. The interim measures deprived RBI of the opportunity to implement its plans and get rid of its stake in the Russian subsidiary.
The deal, which was upset due to sanctions restrictions and risks, stipulated that Rasperia would sell 27.78% of Strabag SE's capital to Russian Raiffeisenbank for 1.51 billion euros. After the purchase of the package, Raiffeisenbank planned to transfer Strabag shares to the parent RBI in the form of dividends. Later, the Austrian bank rejected the deal, explaining that during contacts with the authorities she was unable to obtain the necessary approval for it.
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