Court decides: Raiffeisenbank has to pay billions of Rasperia!

Court decides: Raiffeisenbank has to pay billions of Rasperia!

In the highly dramatic legal dispute between Raiffeisenbank Russia and the Rasperia Trading Limited, an investor with connections to the Russian oligarch Oleg Deripaska, a decisive judgment was published on Monday. A Kaliningrad court decided that Raiffeisenbank as well as Strabag SE and its main shareholders had to pay damages to Rasperia over 2 billion euros. This not only means a financial burden for the companies concerned, but also threatens their assets, since the judgment against the Raiffeisenbank is enforceable, such as rbinternational.com reported.

immediately after the decision was announced, Raiffeisenbank appealed, as a spokesman for the RBI in Vienna confirmed. This calling, which was submitted on February 21, will be processed by the Court of Appeal in St. Petersburg. The judgment has direct effects on the Raiffeisenbank's freedom of trade and is expected to influence the other business in Russia, especially since the Kaliningrad court has also ordered the transfer of Strabag shares to Rasperia. The shares, the transfer of which is currently frozen due to EU sanctions, are currently unaffected, which raises further legal questions, such as oe24.at reported.

Legal dispute extends

This complex case results in a number of legal challenges in Austria, since the RBI plans to take measures in accordance with the EU law on the EU's law to access the rasperia assets in Austria. The significant judgment in Russia will lead to the AO Raiffeisenbank provisions in accordance with IFRS and Russian accounting standards, which could also burden the bank's financial perspectives. This situation will continue to be followed precisely, especially with regard to the next court date on March 24, when the Court of Appeal in St. Petersburg will check the preliminary decisions.