Austria approved the EU’s 12th package of sanctions against Russia after Ukraine removed Raiffeisen Bank International from a blacklist, according to Reuters.
Austria secured the bank’s removal from Ukraine’s list in exchange for signing the EU’s latest package of sanctions against Russia.
The Ukrainian government confirmed the information:
The status is suspended for the period of bilateral consultations involving representatives of the European Commission.
The blacklist is not legally enforceable but has symbolic significance, increasing public pressure on Raiffeisen to withdraw from Russia.
“Austria’s sanctions reservation is lifted,” an EU diplomat said.
