CNBC · 17 Sep, 09:08 · Business briefing

Austrian bank Raiffeisen’s Russia business is ‘very active,’ Grizzly CEO says after short-seller report

Reports indicate that Raiffeisen Bank International continues to operate its Russian subsidiary despite the company’s public withdrawal from the Russian market.

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The briefing

The story
in brief.

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Reports indicate that Raiffeisen Bank International continues to operate its Russian subsidiary despite the company’s public withdrawal from the Russian market. The CEO of Raiffeisen’s Russian unit, Grizzly, stated that the business remains highly active following a short-seller report alleging ongoing operations. This situation highlights significant discrepancies between corporate public statements and actual on-the-ground activities. For professionals, this underscores the complexity of international banking regulations and the challenges of enforcing geopolitical sanctions. It raises critical questions about corporate governance, legal compliance, and the transparency of multinational financial institutions in conflict zones.

Employer demand for Compliance And Governance skills — indexed growth since 2019
Indicative index of skill mentions in professional job postings for the field this story moves (2019 = 1)

Your move

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This development signals that expertise in regulatory compliance and risk management is becoming increasingly critical. As geopolitical tensions persist, organisations face heightened scrutiny regarding their international operations. You should prioritise skills in navigating complex legal frameworks and ethical governance. Professionals in finance, law, and corporate strategy must understand the nuances of sanctions enforcement and corporate liability. Consider upskilling in compliance mechanisms to advise organisations on mitigating reputational and legal risks. Staying informed about international banking regulations will make you indispensable. Proactively analyse how global conflicts impact your sector’s operational continuity. Develop the ability to assess grey-area scenarios where public policy meets commercial reality. Your career resilience depends on anticipating these regulatory shifts and ensuring your organisation adheres to strict ethical standards amidst political uncertainty.

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Indicative salary uplift in the fields matched to this story
Indicative ranges from published continuing-education salary studies, by field — each field is a recommended course below

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