Previous Close | 17.54 |
Open | 17.96 |
Bid | 0.00 x 190000 |
Ask | 0.00 x 190000 |
Day's Range | 17.96 - 18.41 |
52 Week Range | 13.12 - 20.80 |
Volume | |
Avg. Volume | 253 |
Market Cap | 6.072B |
Beta (5Y Monthly) | 1.38 |
PE Ratio (TTM) | 2.55 |
EPS (TTM) | 7.22 |
Earnings Date | Oct 30, 2024 |
Forward Dividend & Yield | 1.25 (6.79%) |
Ex-Dividend Date | Apr 09, 2024 |
1y Target Est | N/A |
The impending expiry of a U.S. licence permitting transactions involving the pillars of Russia's financial infrastructure could make it harder and costlier for Russian businesses to deal in Chinese yuan, sources engaged in imports and payments told Reuters. The yuan, which hit a near-one-year high against the rouble on Wednesday, has become the most traded foreign currency in Moscow since Russia's decision to send troops into Ukraine in February 2022 sparked sweeping Western sanctions and a ramping-up of Russia's de-dollarisation policy. With Chinese banks wary of the secondary sanctions risks of dealing with Russian entities blacklisted by Washington, and the Bank of Russia reluctant to continue pumping in yuan liquidity through FX swaps, some importers fear that payment issues between Russia and China could worsen.
BERLIN (Reuters) -Raiffeisen Bank International said on Friday it is selling its Belarus business at a loss to an investor from the United Arab Emirates, as the Austrian lender faces mounting pressure to also pare back its Russian arm. RBI has vowed to spin off its Russian business, which has provided a payment lifeline to hundreds of companies there, after pressure from international regulators on the biggest Western bank in remaining in the country. But more than two years since Russia invaded Ukraine, little has changed.
A Russian court's freezing of Raiffeisen Bank International's shares in a local arm has blocked the biggest Western bank in Russia from leaving, pushing the Austrian-based lender's stock down as much as 7% on Friday. The move could further frustrate Western attempts to get RBI to sever ties with Moscow and isolate Russia amid faltering international resolve to challenge it over its invasion of Ukraine. RBI had vowed to spin off its Russian business, which provides a payment lifeline to hundreds of companies there, after coming under pressure from international regulators.