EU banks still operating in Russia are squirming to show they're abandoning their ever-more toxic client — but actions speak louder than words.
Austria's top lender, Raiffeisen Bank International (RBI), which made €1.8bn in pre-tax profit in Russia last year, told EUobserver on Monday (19 February) its "plan is not affected by the recent developments".
The "developments" were the death in jail of Russia's best-known anti-corruption activist Alexei Navalny on Friday in what EU ...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.