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Austria supports new sanctions package against Russia

Last week, Austria requested an exemption from sanctions for Raiffeisen Bank

Oct 19, 2025 10:52 323

Austria supports new sanctions package against Russia  - 1

The Austrian Foreign Ministry confirmed the approval of the 19th package of sanctions at tomorrow's meeting of foreign ministers in Luxembourg, the Austrian Radio and Television reported, BTA reported.

Last week, Austria requested an exemption from sanctions for "Raiffeisen Bank International" /RBI/. However, this request was not supported by any of the other EU countries. The reason for this is the RBI's request to release the shares of the Austrian construction concern "Strabag" worth about two billion euros, which are currently owned by the Russian company "Rasperia," so that they can be transferred to "Raiffeisen".

According to the daily "Standard" The Austrian initiative for "Raiffeisen" in Brussels has failed completely. The information says that at the last crucial meeting of the permanent representatives of the member states before the Council meeting, no agreement was reached on the Vienna initiative.

“Nevertheless, Austria will continue to advocate in the future to prevent the double enrichment of Russian oligarchs“, says a statement from the Ministry of Foreign Affairs.