Vienna court orders Rasperia to pay €3.15 billion to Raiffeisen Bank

The Vienna court ordered the Russian company Rasperia Trading Limited to pay compensation of about €3.15 billion to the Austrian Raiffeisen Bank International (RBI) and its subsidiary Raiffeisenbank. This was reported by the press service of the banking group.

The decision was made in absentia. If Rasperia does not appeal the decision within four weeks, it will come into force. Then RBI will apply to the Austrian Financial Market Supervisory Commission with a request to unlock the Austrian assets of Rasperia for compulsory recovery of compensation. They include 28.5 million shares of Austrian construction company Strabag SE, accrued dividends from 2021 and payments due to the reduction of the group’s capital. The RBI said it was acting in accordance with European sanctions law and in cooperation with supervisory authorities.

The RBI sent the latest lawsuit to a Vienna court on July 30, 2026. The dispute between the companies arose after the share of Rasperia in the Vienna construction concern Strabag was frozen due to EU sanctions against Russia. In January 2024, Rasperia appealed to the court with a demand for compensation due to the failure of the deal to sell 24.1% of frozen shares of Strabag for € 1.5 billion. The Austrian group announced the arrangement in December 2023, but abandoned the purchase in May 2024.

In January 2025, the Arbitration Court of the Kaliningrad region ordered Raiffeisenbank to pay Rasperia €2 billion. The Austrian bank demanded compensation from the frozen assets of Rasperia in Austria. At the end of 2025, Raiffeisenbank received a net loss of €86 million after taxes. The result was explained by the costs of litigation with Rasperia.