Rasperia
Investment firm linked to sanctioned aluminium magnate Oleg Deripaska, whose EU delisting Austria has demanded to compensate Raiffeisen Bank International.
Last refreshed: 19 July 2026 · Appears in 1 active topic
Why is one Austrian bank holding up the EU's entire Russia sanctions package?
Timeline for Rasperia
EU's 21st sanctions package stalls again
Russia-Ukraine War 2026Background
Austria is blocking the EU's 21st sanctions package unless Rasperia, an investment firm linked to the sanctioned Russian aluminium magnate Oleg Deripaska, is removed from the EU sanctions list. The package failed to clear COREPER on 15 July 2026, and EU diplomats have set a new target of 22 July, the final Coreper session before the summer recess.
Rasperia's EU-frozen assets are the leverage at stake: Vienna wants them released so they can compensate Raiffeisen Bank International, the Austrian lender whose Russian subsidiary has remained one of the largest Western banks still operating inside Russia and has faced mounting losses and regulatory pressure tied to that exposure.
Rasperia is one of two narrow holdouts stopping the sanctions package clearing, alongside a separate Greek demand to preserve re-export rights for Russian LNG; compromise proposals are reportedly under review for both ahead of the 22 July session, an illustration of how a single company's sanctions listing can hold an entire EU package hostage to one member state's domestic financial exposure.