Austria’s Raiffeisen Bank Suspends Euro Transfers in Russia and Neighboring Countries

Austrian banking group Raiffeisen, one of the last Western lenders remaining in Russia, announced Wednesday that it will suspend transfers of euros to banks in Russia and several other countries popular among Russian travelers. Starting July 3, Raiffeisen’s Russian subsidiary will block euro-denominated bank transfers to several former Soviet republics, including Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Armenia,…

Russia Bans WWF Environmental Group

Russian authorities on Wednesday labeled the World Wildlife Fund (WWF) environmental advocacy NGO an “undesirable” organization, a designation that renders all of its activities illegal in Russia. The Prosecutor General’s Office accused the Switzerland-based WWF of “threatening” Russia’s economy and “interfering” with Russia’s internal affairs as well as “financing” the activities of Russian organizations designated as “foreign…