Austria's Raiffeisen Bank International said on Tuesday it reduced its loan volume by 30% in Russia at the end of last year, as it sought to pare back its business in the country in response to unrelenting regulatory pressure.

AG is making money from firms supplying Vladimir Putin’s military, according to documents seen by Bloomberg, as the Russian army pushes forward in Ukraine.

Austrian Raiffeisen Bank International AG (RBI) has come under scrutiny after Bloomberg revealed that it benefited from activities supporting the Russian war industry in Ukraine. The company reportedly gained approximately CAD 830,

Austria's Raiffeisen Bank International said on Tuesday it reduced its loan volume in Russia to 4.2 billion euros ($4.32 billion) at the end of last year, as it sought to pare back its business in the country in response to unrelenting regulatory pressure.