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Raiffeisen Bank has a Belarusian subsidiary which loans money directly to regime firms (Photo: Valentina Pop)

Austria blocking EU sanctions on Belarus banks

Austria has been blocking new EU sanctions on loans to Belarusian banks so that Austrian lenders can keep making money with the oppressive regime there.

Austrian diplomats upheld their objections in the latest round of talks in the EU Council in Brussels on Thursday (17 June).

"They [the Austrians] want to water down the language to such an extent that the banking sanctions have almost no real impact," a diplomat from another EU country told EUobserver.

"It's a clear case...

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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.

Raiffeisen Bank has a Belarusian subsidiary which loans money directly to regime firms (Photo: Valentina Pop)

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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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