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Landmark 3.15-Billion Lawsuit: Austrian RBI Sues Russian Rasperia in a Vienna Court
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Vindobona
The Vienna Regional Court for Civil Matters has accepted Raiffeisen Bank International's (RBI) lawsuit seeking damages against the Russian company Rasperia.
Raiffeisen Bank International (RBI) and its Russian subsidiary (AO Raiffeisenbank) are suing the Russian holding company Rasperia Trading Limited for damages totaling 3.15 billion euros.
According to reports from the Vienna Regional Court and Austrian media, the complaint is currently being served on the holding company’s Austrian representative office.
Since Strabag SE has no realizable assets in Russia, Rasperia involved the Russian RBI subsidiary bank in the proceedings.
The 14th EU Sanctions Package as the Legal BasisRBI bases its lawsuit on Article 11a of the 14th EU sanctions package.