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Short-selling firm Grizzly Research published a report alleging that Austria's Raiffeisen Bank has facilitated more than $1 billion in Russian trade that circumvented Western sanctions imposed over Moscow's invasion of Ukraine. The claims add to long-running scrutiny of Raiffeisen's continued operations in Russia despite the war. Shares in Raiffeisen Bank International fell 9% during trading on September 17 following the report's publication, as investors reacted to the allegations. The bank has called the report misleading and factually incorrect, disputing the firm's findings.