Raiffeisen Bank Subsidiary Closes All Offices in Crimea

A subsidiary of Austrian Raiffeisen Bank International has said it will close all offices in Crimea by mid-April.

According to a statement of the bank, as cited by international news agencies and Sega daily, the last 6 of the total of 32 offices of the bank in Crimea will be closed by April 15.

The decision is said to be driven by geopolitical and legal reasons.

On Friday, McDonalds said it was temporarily closing its three restaurants in Simferopol, Sevastopol and Yalta, explaining the move with "operational reasons beyond our control."

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