Raiffeisen Bank International announced on Friday that it will be selling its Belarus business to an inventor from the United Arab Emirates after facing pressure to pare back its Russian arm. Following the sale, RBI has stated that they will “spin off its Russian business” after facing “pressure from international regulators on the biggest Western bank in remaining in the country.” Selling the bank caused RBI a 300 million euro loss and the bank had around 2 billion euros of deposit and more than 1600 staff members. Due to the Ukraine Russia war, the bank has been a “critical financial lifeline” for millions of Russians who would like to send money abroad but western regulators are trying to dismantle the bridge between Moscow and the West.<\/p>\n\n\n\n
With the world trying to end the conflict between Russia and Ukraine, any progress in halting Russia’s progress is good. So taking away one of their major ways of getting money out of Russia and preventing money getting loaned to Russian businesses is a good step forward. Due to the lack of money getting sent to Russian businesses, they will be forced to close down and the unemployment rates would increase and a potential great depression could happen and the Russian government would be forced to change its objective of trying to conquer other nations to focusing on its own people.<\/p>\n\n\n\n
The UAE investor could use the bank to directly funnel money into Russia to assist funding their war. This would not be very good because millions are trying to get the conflict to end but with both sides receiving aid from outside parties, there is no end insight. On the other hand, the UAE could use the bank to raise the interest rates on loans to Russian businesses to attempt to put as many businesses out of business to make life as hard as possible to the Russian government will shift its objective of attacking Ukraine to trying to fix the living conditions inside of Russia.<\/p>\n\n\n\n
The most important thing that you need to fight a war is money. Money buys weapons, food, supplies, and used to pay soldiers. If you have no money then you will be unable to continue fighting. If you run out of money then the best way to get some money back would be raising taxes in your country. This option would be extremely unpopular due to the fact that the majority of Russian citizens are anti Russian-Ukraine war and the most likely outcomes would be the population of Russia would decline due to millions leaving the country or the citizens of Russia rise up against the government and attempt to overthrow Vladimir Putin.<\/p>\n","protected":false},"excerpt":{"rendered":"
Raiffeisen Bank International announced on Friday that it will be selling its Belarus business to an inventor from the United Arab Emirates after facing pressure to pare back its Russian arm. Following the sale, RBI has stated that they will “spin off its Russian business” after facing “pressure from international regulators on the biggest Western bank in remaining in the… Read more »<\/a><\/p>\n","protected":false},"author":298,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6508","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/posts\/6508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/users\/298"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/comments?post=6508"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/posts\/6508\/revisions"}],"predecessor-version":[{"id":6509,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/posts\/6508\/revisions\/6509"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/media?parent=6508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/categories?post=6508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/europeandrussiablog\/wp-json\/wp\/v2\/tags?post=6508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}