Though Europe’s top supervisor has for months said he hoped European financial bodies would cut ties with their Russian assets, the matter has taken on new significance after Saturday’s 24-hour mutiny by the Wagner militia underscored the country’s political fragility.
Austria’s Raiffeisen Bank International, one of the euro zone banks with the biggest ties to Russia, has been stepping up moves to hand its Russian arm to shareholders amid mounting pressure to do so, Reuters reported last month.
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