Raiffeisen Bank shares jump after FT reports EU may unfreeze some Russian assets

Oct 3 (Reuters) – Shares in Austrian Raiffeisen Bank jumped 5.4% by 0735 GMT after the Financial Times reported that the European Union may unfreeze some sanctioned Russian assets to compensate the bank. The EU's latest Russia sanctions draft includes provisions to unfreeze around 2 billion euros ($2.35 billion) in shares of Austrian construction firm Strabag, formerly part-owned by Deripaska, the report said. "The unfreezing would be a huge positive for the Austrian banking group and RBI (Raiffeisen Bank) shares," an analyst from Erste Group Research Thomas Unger said. The news came after RBI's several failed attempts to sell a stake in its Russian business. ($1 = 0.8526 euros) (Reporting by Anastasiia Kozlova, Editing by Helen Reid)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)