The Austrian lender reported a net loss of 926 million euros ($955 million) in the fourth quarter of 2024, primarily due to provisions in its Russian subsidiary.
Austrian oil and gas company OMV has terminated its long-term gas supply contract with Russia's Gazprom Export, the OMV website reported on Dec. 11.
President Volodymyr Zelensky arrived on Dec. 7 in Paris to attend the opening ceremony of the Notre Dame Cathedral.
Russia's Gazprom Export announced that its supply of natural gas to Austria is ending on Nov. 16, according to OMV, Austria's largest gas supply company.
Austrian integrated oil and gas company OMV announced on Nov. 13 that it had secured an arbitral award from the International Chamber of Commerce exceeding $243 million. This ruling relates to irregularities in German gas supplies provided by Gazprom.
Austrians went to the polls on Sept. 29, handing victory to the far-right, anti-migration Freedom Party (FPO). The party gained 29% of the vote, its best result to date. Founded in 1956 by Anton Reinthaller, a former Nazi SS officer, the party has long been climbing into the country's mainstream,
Austria’s far-right Freedom Party came first in a general election on Sept. 29, according to voter projections. The party is known for its Kremlin-friendly stance and opposition to aid for Ukraine in its fight against Russia. The Freedom Party of Austria, or FPO, which is led by Herbert Kickl,
"Any negotiations must take place without preconditions and at eye level. Austria will be ready to support a just and lasting peace based on international law and to serve as venue for negotiations as the seat of the OSCE (Organization for Security and Co-operation in Europe)," Austrian Chancellor Karl Nehammer said.
The Austrian Energy Ministry said as long as there is dependence on Russian gas supplies, "there is a massive risk of a corresponding supply failure with far-reaching consequences."
Ambassadors of Germany, Austria, and the U.S. condemned Russia's mass morning attack against Ukraine on July 8 that killed nearly 30 people and wounded around 90 on the eve of the NATO Summit in Washington.
"We are now becoming a liability for our neighbors because Russia is using us as an operational base," an Austrian intelligence official told the Wall Street Journal.
Austria allocated an additional 10 million euros ($10.7 million) to humanitarian organizations helping Ukrainians in Ukraine and Moldova, the country's government announced on June 15.
The allocated funds will be spent on urgently needed spare parts, generators, and repair lines, according to Der Standard.
Raiffeisen has been interested in buying a 1.5 billion euro ($1.6 billion) stake in the construction company Strabag, which is linked to Russian oligarch Oleg Deripaska.
"Instead of repeated statements about intentions to reduce and sell their activities in Russia, the Raiffeisen Bank International is the Western lender with the largest operations in Russia."
Moscow attempted to undermine the democratic political process in Austria using a Russian spy and a political party he was associated with, the country's Chancellor said on April 18.
Austria's Raiffeisen Bank International (RBI) said on April 18 that it expects a request by European regulators to accelerate the wind-down of business in Russia.
Austria is supporting Ukraine with 2 million euros ($2.2 million) worth of humanitarian aid, Austria's Foreign Ministry reported on April 3.
The statement came after former Austrian intelligence officer Egisto Ott was arrested on suspicions of spying following a collaborative investigation published by The Insider and Der Spiegel in March 2024.
While some leaders, such as German Chancellor Olaf Scholz and Belgian Prime Minister Alexander De Croo backed the idea, Austrian Chancellor Karl Nehammer publicly voiced opposition to the proposal.
Austria has expelled two Russian diplomats over actions "incompatible with their diplomatic status," the Heute newspaper reported on March 13, citing the Austrian Foreign Ministry.
Ukraine's National Agency on Corruption Prevention (NACP) has refused to remove Austria's Raiffeisen Bank from the international sponsors of war list, citing the bank still not having a clear plan to leave the Russian market, Reuters reported on Feb. 15.
"The market and the energy companies that are part of it are not fulfilling their responsibility to reduce the dependency on Russian gas sufficiently," Austrian Energy Minister Leonore Gewessler said on Feb. 12.
Austrian courts rejected Ukraine's extradition request due to the ongoing war, but "the crimes that Shevchenko is accused of in Ukraine are also punishable here," Der Standard reported.
