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Raiffeisen Bank Funneled $12 Billion to Russia Pre-Invasion

3/26/2025

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Summary

Story summary

In a controversial move, Raiffeisen Bank International funneled over $12 billion to Russia in early 2022, just as tensions escalated before the Ukraine invasion. The majority of these funds, primarily in euros, dollars, and Swiss francs, were sent to TBSS, an entity tied to the Russian state, with shipments continuing as troops mobilized. Following the invasion, RBI halted all cash transfers.

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Story summary

In a controversial move, Raiffeisen Bank International funneled over $12 billion to Russia in early 2022, just as tensions escalated before the Ukraine invasion. The majority of these funds, primarily in euros, dollars, and Swiss francs, were sent to TBSS, an entity tied to the Russian state, with shipments continuing as troops mobilized. Following the invasion, RBI halted all cash transfers.