The Russian branch of Austria’s Raiffeisen Bank International announced that starting from September 2, private clients will no longer be able to make foreign transfers in any currency except rubles, according to Reuters. The subsidiary stated that the new restriction, which will not apply to certain large and international companies, is being implemented due to the group’s efforts to reduce its presence in Russia under pressure from European regulatory authorities. The European Central Bank (ECB) demands that Eurozone banks still operating in Russia sever their ties. The ECB has asked all ban…