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The withdrawal of Raiffeisen Bank International (RBI) from Russia has been blocked by a court ruling, the Austrian bank said on Friday. A Russian court issued an injunction prohibiting the lender from selling its subsidiary bank in Russia. RBI said it will “try to overturn today’s court decision by all legal means.” But a withdrawal from Russia still faces other obstacles. A buyer would need to be found who is not subject to Western sanctions imposed on Russia for its invasion of Ukraine. Additionally, approval from Russian President Vladimir Putin would be required. RBI has already significan…

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