The Austrian group Raiffeisen Bank International (RBI) is developing an asset swap scheme with the Russian Sberbank, RBC reports with reference to Der Standard, which in turn refers to the material of the weekly Falter.
According to the paper, the potential deal was internally named “Project Red Bird” by the RBI. Her plan is being developed by Raiffeisen managers led by the group’s CEO Johann Strobl. According to the weekly, “hidden barter” involves the transfer of Raiffeisen’s assets in Russia to Sberbank in exchange for the assets of a Russian bank in Austria.
Representatives of the RBI, in a comment to the Austria Press Agency, called the possibility of such a deal a “theoretical consideration.” “There is no agreement or other specific steps for such an asset swap,” the bank said. In addition, the RBI said that they are complying with the sanctions and any possible operations will be preliminarily agreed with the authorities and carried out only with all necessary permits.
Source: Rosbalt
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