ASSESSMENTS
Russia Eyes Austria's Banking Empire
Jun 20, 2011 | 12:14 GMT
MIKHAIL KLIMENTYEV/AFP/Getty Images
Summary
Russia's two largest state-owned lending banks reportedly are interested in acquiring or injecting capital into several Austrian banks. Austria historically has been the financial center for Central and Eastern Europe, the region most opposed to a resurgent Russia. If Moscow was to acquire shares in Austria's banks, it would then have influence and access to information on financial dealings in the countries along its periphery.
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