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Raiffeisen Bank International is hiring over 2,000 new staff in Russia — while claiming to wind down operations (Photo: rbinternational.com)

Austrian bank's expansion plans in Russia shamed by MEPs

MEPs from across Europe have urged the Austrian government to “encourage” the country's top bank not to hire more staff in Russia.

"We deeply regret that Raiffeisen Bank International’s [RBI] statements and actions are fully contradictory," the 37 MEPs said in a letter to the Austrian chancellor and his foreign minister on Thursday (25 April).

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Raiffeisen Bank International is hiring over 2,000 new staff in Russia — while claiming to wind down operations (Photo: rbinternational.com)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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