After Russia launched its full-scale war against Ukraine in 2022, Austria’s Raiffeisen Bank International (RBI) repeatedly promised to wind down its business in Russia and sell or spin off its Russian subsidiary. AO Raiffeisenbank still operates in the Russian Federation, however, and remains the largest Western bank on the Russian...
Еuropean Parliament greenlights talks on the digital euro
The European Parliament has backed the start of negotiations with the EU Council on legislation for a digital euro. Lawmakers say the new form of money should give citizens a secure way to pay and reduce Europe’s reliance on payment providers from outside the EU. In a plenary vote, 416...
Estonia’s defense minister resigns over artillery-shell procurement scandal
Estonian Defense Minister Hanno Pevkur announced his resignation on the evening of September 2, 2026. He made the announcement on ERR’s flagship news program Aktuaalne kaamera, following a critical report by the National Audit Office and a scandal over a €70 million advance payment for artillery shells intended for Ukraine....