Raiffeisen Bank Hit by Fresh Doubts Over Russia Exit Plan (1)

Raiffeisen Bank International AG’s protracted efforts to exit Russia faced fresh doubts on Wednesday, sending shares of the lender lower and forcing it to postpone a bond sale.

US authorities are pushing the Austrian bank to drop a plan that would have allowed it to repatriate as much as €1.5 billion ($1.6 billion) stuck in Russia, Reuters reported Wednesday, citing people with knowledge of the discussions. Shares of the lender slumped as much as 16%, prompting it to delay the planned sale of debt securities, according to a person familiar with the matter.

It’s the latest twist in the ...