Raiffeisen CEO Says Divesting Russia Unit Is ‘Not in Our Hands’

Raiffeisen Bank International AG wants to leave Russia but that decision isn’t necessarily up to the firm, Chief Executive Officer Johann Strobl said.

“We have learned that deconsolidating our business [in Russia] is something which we can work on, but it’s not in our hands,” Strobl said Monday at a Bloomberg event in Vienna. “There are too many decision makers involved.”