Raiffeisen Bank International targeted by US sanctions authority over Russia – Banks

Vienna – The Austrian Raiffeisen Bank International (RBI) has been targeted by the US sanctions authority because of its business in Russia. The bank received a letter in January from the Office of Foreign Assets Control (OFAC), a department of the US Treasury Department responsible for overseeing and implementing sanctions once morest Russia, the bank confirmed on Friday information Archyde.com news agency said previously learned from two insiders.