Raiffeisen's Russian unit says outgoing dollar payments to end June 10
Adds detail in paragraphs 4, 7-9
May 29 (Reuters) -The Russian subsidiary of Austria's Raiffeisen Bank International RBIV.VI said on Wednesday outgoing payments in U.S. dollars would no longer be available from June 10, citing changing requirements from correspondent banks.
The bank, which has faced criticism for its ties to Moscow more than two years after Russia's invasion of Ukraine, was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed, according to a person who has seen the correspondence.
Earlier this month, Raiffeisen, the biggest Western bank in Russia, dropped a bid for a 1.5 billion euro ($1.6 billion) industrial stake linked to Russian tycoon Oleg Deripaska after U.S. pressure.
Raiffeisen's Russian unit did not immediately respond to a request for more clarity on the "changing requirements of correspondent banks". The Bank of Russia did not immediately reply.
The Russian subsidiary said outgoing dollar transfers would stop from June 10, a change affecting all the bank's customers.
"There are no restrictions on incoming payments in dollars. Also, the restrictions do not apply to other foreign currencies," the subsidiary said in a statement.
Ahead of the deadline, the bank said it would offer a 50% discount on the commission it charges on individual clients' outgoing dollar payments to other banks for online transfers made from June 1.
Payments correctly ordered by 1600 Moscow time (1300 GMT) on Friday, June 7, will be made, the subsidiary said.
"We will try to warn you as far in advance as possible, taking into account the constantly changing market conditions." the subsidiary said.
($1 = 0.9222 euros)
Reporting by Alexander Marrow; editing by Jason Neely and Sriraj Kalluvila
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