Raiffeisen Bank International (RBI) has filed a €3.15 billion ($3.58 billion) lawsuit in Austria against Rasperia, a Russian company currently under European Union sanctions.
The legal action, announced Thursday, represents one of the largest single claims by a Western bank against a sanctioned Russian entity, signaling a shift toward aggressive litigation to recover losses tied to the bank's forced exit from the Russian market.
The claim targets Rasperia, which RBI alleges is liable for damages stemming from the collapse of the bank's Russian operations.
By pursuing the case in Austrian courts, RBI is testing the legal mechanisms available to European financial institutions seeking to claw back value from assets and entities linked to Moscow.
The move underscores the growing complexity of unwinding Russian business ties, where traditional recovery paths are blocked by sanctions and asset freezes.
This development adds to a broader trend of European banks engaging in high-stakes legal battles over Russian exposure.