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Sanctions: Austria gives up resistance

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Published: December 18th, 2023,
Last updated: May 28th, 2025

Former branch of Raiffeisen Bank in Moscow in March 2023

Austria is giving up its blockade of the twelfth EU sanctions package against Russia. According to the website of the government in Kyiv and an EU diplomat, Ukraine had previously removed the Austrian Raiffeisen Bank International from a blacklist. Austria had pushed for the bank to be removed from the Ukrainian list of „international sponsors of the war.“ The list aims to put pressure on companies that do business in Russia and support the war effort, for example by paying taxes. rtr

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Sanctions Russland Ukraine-Krieg Ukraine War European policy