In January, the U.S. Office of Foreign Assets Control sent a request to Raiffeisen Bank for "bank transfers and related business"

This bank is not subject to sanctions, so it still operates in Russia. Raiffeisen is obliged to respond to the US by June. 

Reuters reported this.

In January, information about the bank providing loan benefits to mobilised Russians caused a scandal. This loan program is due to the fact that Russia imposed such an obligation on banks. Raiffeisen responded to the criticism by merely noting this. 

In late January, Ukraine imposed sanctions on the Russian financial institution Raiffeisen Leasing, an Austrian Raiffeisen Bank International subsidiary.

On February 1, the President of Ukraine met with the President of Austria, Alexander Van der Bellen. "We emphasised the situation with Raiffeisen Bank, which operates in Russia and makes decisions, for example, on "tax holidays" for those mobilised to the Russian army. We believe this is unacceptable in today's realities," Volodymyr Zelenskyy said following the talks.

The U.S. Office of Foreign Assets Control demanded a response by February. Still, the bank's lawyers managed to obtain permission to transfer information in three packages: April, May and June.