By Vadim Dumesh Raiffeisen Bank International’s (RBI) net profit in Russia in 1H24 rose 2.8% year on year to €705mn, with the Russian business accounting for half of Raiffeisen group’s profit, the bank said on June 30. RBI is under heavy regulatory pressure to come up with an exit plan from Russia, but the bank would take a massive hit, as Russia made up 38% of its net profits in 2023 and this figure has if anything risen over recent quarters. RBI has been unable to access the profits it has made there because of Russian central bank restrictions. Critics accuse RBI of delaying plans to leave …