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Austria's Raiffeisen Bank wins default judgment against Rasperia
Source: reuters.com
Legal & LitigationSanctions & Export ControlsBanking & Liquidity
A Vienna court issued a default judgment ordering EU-sanctioned Russian firm Rasperia to pay Raiffeisen Bank International about €3.15 billion ($3.60 billion) in damages. The ruling is potentially positive for RBI, but collectability remains uncertain given Rasperia's sanctioned status and the cross-border enforcement risks involved.
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