The United States has threatened Austria's largest bank, Raiffeisen Bank, with sanctions for doing business in Russia.

EUOberver reports this with reference to a document from the US Treasury Department.

As it follows from it, the department warned that Raiffeisen Bank International risks "being cut off from the U.S. financial system" if it continues to service trade transactions related to the Russian military-industrial complex.

According to the Ministry of Defense of Ukraine, in 2022 Raiffeisen Bank paid a total of 559 million euros in taxes to the Russian treasury.

As the resource writes, RBI is one of the eight leading EU banks still operating in Russia. The rest: the Dutch ING, the German Commerzbank and Deutsche Bank, the Hungarian OTP Bank, the Italian Intesa SanPaolo and Unicerdit and the Swedish SEB.

For Ukraine, this may be interesting in terms of possible and unpredictable consequences for Ukrainian Raiffeisen Bank.