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Grizzly Research CEO: Raiffeisen’s operations in Russia are ‘highly engaged’

Siegfried Eggert, the CEO of Grizzly Research, has addressed a report from short sellers concerning Raiffeisen Bank International (RBI). The report claims that RBI participated in activities to circumvent sanctions. In response, a spokesperson for RBI emphasized their robust compliance systems, which have been consistently reviewed, particularly following the full-scale invasion. They also contested several claims in the report, labeling them as factually incorrect and misleading.

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