Raiffeisen faces €342 million Russian penalty in Strabag dispute
A Russian court has told Raiffeisen's local unit to pay €342 million to Rasperia, Reuters reports, adding to a long-running fight over Strabag.
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what happened
Austria's Raiffeisen Bank International (RBI) announced on Tuesday that a Russian court has imposed an extra penalty of €342 million on its local unit, payable to the company Rasperia, Reuters reported. The sum stems from a long-running dispute over the construction group Strabag, where RBI planned in 2023 to buy Rasperia's stake but dropped the deal because of sanctions concerns.
Last month a Vienna court issued a default judgment against Rasperia, ordering it to pay roughly €3.15 billion in damages. An RBI spokesperson described the Russian ruling as an anticipated response to the Vienna case.
Earlier, a Russian court had also directed the bank's Russian subsidiary to pay Rasperia €2 billion. RBI is now trying to recover that money from Rasperia's assets frozen in Austria. Rasperia has not yet commented.
why it matters
For markets this is mainly a company-specific story, but it highlights the risks for European banks with Russian exposure and links. Further court rulings and the fate of Rasperia's frozen assets will matter for assessing the financial burden on RBI.
market impact
RBI and Austrian banks: legal and sanctions risk weighs on sentiment toward the lender's shares
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sources
- RBI says Russian court orders it to pay €342 million in penalties — Reuters, 20 October 2026 at 14:59 UTC
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