Raiffeisen Nears €3B Payout After Strabag Ruling, Hurdles Remain

A court verdict against Rasperia, the Russian owner of Strabag, clears a major legal obstacle for Raiffeisen to receive over €3 billion in trapped funds. However, regulatory and operational hurdles persist, delaying the transfer. The development signals progress in unwinding Raiffeisen's Russia exposure, a key overhang for the bank.