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Alexei Navalny's widow, Yulia, with EU foreign ministers in Brussels on Monday (Photo: consilium.europa.eu)

EU banks in Russia after Navalny: business as usual

EU banks still operating in Russia are squirming to show they're abandoning their ever-more toxic client — but actions speak louder than words.

Austria's top lender, Raiffeisen Bank International (RBI), which made €1.8bn in pre-tax profit in Russia last year, told EUobserver on Monday (19 February) its "plan is not affected by the recent developments".

The "developments" were the death in jail of Russia's best-known anti-corruption activist Alexei Navalny on Friday in what EU ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Alexei Navalny's widow, Yulia, with EU foreign ministers in Brussels on Monday (Photo: consilium.europa.eu)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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