INSUBCONTINENT EXCLUSIVE:
multiple sources familiar with the matter.The news outlet said Austrian officials are resisting pressure from the European Central Bank
(ECB) for Raiffeisen to spin off its Russian subsidiary by September.Vienna privately thinks restoring long-standing relations with Russia
spinoff by waiting for the ECB, its shareholders, and the Russian government to approve the move.Austrian officials have also complained
that Raiffeisen is being unfairly singled out, Reuters reported, citing a finance ministry spokesperson who said other European banks remain
Treasury sanctions official not to pressure Raiffeisen, Reuters said.Raiffeisen has submitted data on Russian transactions to the U.S
reportedly signaled it wants Raiffeisen to stay because it is among the few remaining Western lenders that enable international
payments.Raiffeisen, with up to 4 billion euros ($4.5 billion) of capital in Russia, has around 4 million Russian account holders, 2,600
dollar transfers andsuspended euro transfers to non-Raiffeisen banks in Russia and several other countries.
