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A Ukrainian presidential advisor urged Western businesses Wednesday to avoid the legal and reputational risks that doing business in Russia now carries, and criticized Austria's Raiffeisen Bank for continuing to run a subsidiary in the country long after other global lenders pulled out. Raiffeisen revealed in an earnings statement Friday that profits from Russia had more than tripled over the first quarter despite the bank's decision to curtail services in the heavily sanctioned nation, and, in line with the wishes of the European Central Bank, eventually offload the subsidiary or spin the unit off into an independent entity. "Raiffeisen may...