Raiffeisen Bank to Seek Damages Claim Against Rasperia in Austria

12:17 PM EDT, 07/23/2026 (MT Newswires) -- Raiffeisen Bank International (RBI.VI) plans to initiate legal proceedings in Austria against Rasperia Trading to seek a claim for damages. The decision comes after a Russian court issued a verdict allowing RBI and its Russian unit AO Raiffeisenbank to seek a claim of up to 2.85 billion euros for damages in Austria without prompting a judicial penalty, according to a Thursday release. RBI said it will file a 3.15 billion-euro lawsuit by pursuing enforcement actions against Rasperia's assets in Austria, including those that are frozen under European Union sanctions law. RBI's management sees a high likelihood of a favorable outcome, with the company estimating costs and expenses of up to 150 million euros in 2026 for the RBI group, excluding Russia. The court's ruling is related to a legal case in Russia involving Rasperia, construction company Strabag (STR.VI), Strabag's Austrian core shareholders, RBI and AO Raiffeisenbank.