Raiffeisen Bank International Plunges 7.3% on Short-Seller Allegations of Sanctions Circumvention

Raiffeisen Bank International (RBI) stock fell 7.3% after Grizzly Research published a short report alleging the bank is a central conduit for circumvention of Western sanctions on Russia. Key points:

• Sanctions Allegations: Grizzly claims RBI's Russian subsidiary is linked to ~$1.19 billion in sanctioned goods trade, with staff willing to facilitate transactions 🔗.
• Undisclosed Dependency: Report suggests RBI has an undisclosed dependency on its Russian operations 🔗.
• Legal & Geopolitical Risks: Additional concerns raised about RBI's €3.15 billion claim against Rasperia and potential seizure of trapped Russian cash by Moscow 🔗.

RBI firmly denied the allegations, but the report amplified existing investor concerns regarding the bank's Russia exposure and exit strategy 🔗.