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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.