Tuesday, May 5

Business

Shares in Raiffeisen Bank International (RBI) rallied around 12% on Wednesday shortly after the banking group announced plans for its Russian unit to purchase a stake in Austrian construction giant, Strabag.

Business sentiment in Germany has worsened for the first time since August, with the country likely facing a longer recession contrary to the expectations of analysts, a survey showed this week.

The US Treasury Department has imposed a ban on imports of Russian salmon, cod, pollock, and crab, as well as on seafood products obtained from their processing, an official statement published on Friday said.

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